The United Nations Principles for Responsible Investment now has more than 800 signatories.
According to the latest figures on its website, the PRI now has a total of 803 signatories, of which 208 are asset owners, 440 are investment managers and 155 are service providers.
“Reaching 800 signatories with more than $20 trillion in assets after four years is a great achievement for the PRI,” said James Gifford, executive director. “The PRI is now seen as an emerging norm in many parts of the investment industry. Client pressure from the PRI's asset owner signatories is certainly a key factor driving the PRI's growth in signatories. But it is also driven by the natural growth of responsible investment, and other initiatives such as Ceres and the Carbon Disclosure Project are also growing strongly.
But Mr. Gifford said the PRI is “under no illusions” about how much is needed before current best practice is implemented “across asset classes and in all major capital markets around the world.”
The principles were launched by then U.N. Secretary General Kofi Annan at the New York Stock Exchange in April 2006.
Daniel Brooksbank is editor of Responsible Investor.