TAI, PRI to Create Global Stewardship Standard

The UN-backed Principles for Responsible investment (PRI) has partnered with the Thinking Ahead Institute (TAI) to research the level of resources institutional investors should be dedicating to stewardship, with an end goal of creating a global stewardship standard. The project will involve an institutional benchmarking study to assist organisations in better understanding current stewardship practices, resourcing requirements and other key costs. The standard will outline examples of best practice stewardship by asset owners and managers, including show their stewardship activities are monitored, measured and disclosed. The PRI and TAI will additionally propose a calculation methodology to estimate “appropriate” levels of resources that investors need to dedicate to both direct and market stewardship activities to have a real-world impact. Marisa Hall, TAI’s Co-Head, said: “This is an important project aimed at encouraging positive behavioural change and increasing stewardship resources commensurate with rising systemic risks. Robust and well-resourced stewardship practices are vital to ensuring that investors are able to maximise overall long-term value.” 

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