The Principles for Responsible Investment and the Thinking Ahead Institute have issued a survey to institutional investors as part of efforts to develop a methodology for benchmarking stewardship resourcing. The Global Stewardship Resourcing Survey (GSRS) is designed to collected data from the industry to gain a deeper understanding of current stewardship practices, resourcing and key stewardship costs. The organisations intend to establish voluntary guidance on the desired level of resourcing that should be allocated to stewardship activities and will publish a report later this year. The ten-question survey is open for completion until 30 June. The project was originally announced in December and a Stewardship Resourcing Technical Working Group was appointed in February to evaluate and review existing and future stewardship resourcing practices. “By looking at the current levels of stewardship resourcing in the industry, we can then understand what is needed to achieve the explosion of sustainability commitments that have been made in recent years,” said Emmet McNamee, Head of Stewardship at the PRI, speaking at ESG Investor’s Stewardship Summit earlier this month.
Global Stewardship Resourcing Survey Launched
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