The UN-convened Principles for Responsible Investment (PRI) has developed Progression Pathways to help PRI signatories with their responsible investment practices progress. Developed in response to signatory feedback to its ‘PRI in a Changing World’ consultation, the pathways aim to better clarify the different roles of responsible investors in a sustainable financial system and ensure signatories have access to more targeted support as they advance their responsible investment practices. The PRI has proposed two alternative models to structure the Progression Pathways, one which, as aforementioned, is centred around clarifying investor purpose, while the other would look at the specific sustainability issues that investors are prioritising in their practices, such as climate change, human rights and biodiversity. One of these two models, or a combination of both, will provide the basis for the pathways, following the co-design process with signatories. David Atkin, PRI’s CEO, said: “The nature of what it means to be a responsible investor has fundamentally changed since the PRI’s inception in 2006. Expectations in the market and among regulators have advanced and at times diverged. Differences in the intended outcomes of responsible investment practices have become more apparent, creating risks of misaligned expectations, and making progress more difficult. These new frameworks will empower us to develop targeted guidance, tools, reporting, and accountability standards, while fostering communities of shared practice, and we look forward to co-designing these with our signatories.” The PRI is hosting a series of regional workshops to discuss the pathways. There will additionally be opportunities throughout the rest of this year and into 2024 for signatories to either engage virtually or provide written feedback.
🌍📢Introducing Progression Pathways
Our latest report addresses the need to better target, support, and incentivize signatory progression on responsible investment.
We are inviting signatories to read our proposal and join the co-designing process: https://t.co/syfLx0PX8R
— The PRI (@PRI_News) October 24, 2023