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Setting course

Principles for Responsible Investment outlines goals for next 10 years

Principles for Responsible Investment, a global network of investors advocating for sustainable investing supported by the United Nations, outlined its plans to work with asset owners to build a sustainable financial system over the next decade.

In its blueprint for sustainable investing, the PRI set out a number of goals intended to empower asset owners and support investors in the integration of environmental, social and governance issues in their investments.

The priorities include increasing accountability, convening and educating responsible investors, as well as challenging barriers to a sustainable financial system.

The global advocate said it will drive market data through advocating for meaningful and globally comparable company disclosure and investor reporting, champion climate action and enable real-world impact aligned with the United Nations' Sustainable Development Goals.

“The PRI's mission is to achieve a sustainable global financial system focused on creating long-term value. This is because we believe that such a system will not only reward its users financially, but also benefit the environment and society as a whole. This blueprint lays out how our core work supporting signatories implementing the principles will lead to that goal. Now is the time for action. We're ready, our signatories are ready and the world's people deserve a response,” Fiona Reynolds, PRI's managing director, said in a news release accompanying the blueprint.

The organization said it seeks to lead investors in their pursuit of long-term value and enhance collaboration throughout the investment chain, including addressing unsustainable aspects of the markets, where investors operate. It has 1,700 signatories from more 50 countries representing $62 trillion in assets.The blueprint is available on PRI's website.