The Principles for Responsible Investment (PRI) has announced the appointment of its Stewardship Resourcing Technical Working Group. The fixed term working group – which is jointly facilitated by the PRI and the Thinking Ahead Institute (TAI) – looks to evaluate and review existing and future stewardship resourcing practices to “help the industry better understand what the adequate level of resourcing is to protect long-term returns”. The 25-person strong team’s employers include CCLA Investment Management, Credit Suisse, HSBC Bank Pensions Trust, MSCI and UBS Asset Management. In December, the PRI launched a project to investigate stewardship resourcing levels and improve outcomes, and the PRI’s Head of Stewardship Emmet McNamee recently told ESG Investor that the project aimed to offer “better resourcing to go beyond short term, box-ticking stewardship”. The PRI and TAI are also currently researching the level of resources institutional investors should dedicate to stewardship.