PRI responds to the OECD Draft High-Level Principles
LONDON, 24 May 2013
The Principles for Responsible Investment (PRI) Initiative today submitted a response to the OECD’s Draft High-Level Principles of Long-Term Investment Financing by Institutional Investors.
“The PRI Initiative welcomes the priority placed by the OECD and the G20 on the issue of long-termism in institutional investment,” said James Gifford, Executive Director of the PRI. “We believe that the draft OECD principles, whilst necessarily high-level, can provide an appropriate and timely framework for further policy research and development.”
A copy of the submission is available for download here.
About the Principles for Responsible Investment
The Principles for Responsible Investment Initiative (PRI) is a network of international investors working together to put the six Principles for Responsible Investment into practice. The Principles were devised by the investment community. They reflect the view that environmental, social and corporate governance (ESG) issues can affect the performance of investment portfolios and therefore must be given appropriate consideration by investors if they are to fulfil their fiduciary (or equivalent) duty. The Principles provide a voluntary framework for all investors to incorporate ESG issues into their decision-making and ownership practices and so better align their objectives with those of society at large.