FORMAL CONSULTATIONS

As a signatory-based organisation, the PRI encourages all signatories to participate actively in its governance and strategic direction, and provide feedback on strategically important matters via formal consultations.

The PRI’s Articles of Association require the PRI to formally consult with signatories before the adoption of: its three-year strategic plan, making material changes to its governance structure, the Objects and/or Mission, the Principles or the signatory fee structure.

For each consultation, the PRI will publish a consultation document, allow a consultation period of at least a four weeks, and provide multiple channels for signatories to provide feedback, including at regional events and webinars. As part of its commitment to transparency, the PRI will publish a summary of the feedback received from signatories, their full consultation responses, and a formal response to this feedback from the PRI Board after each consultation period closes.

 ONGOING ConsultationS

 Serious violations policy   

Consultation period: 

November 6 – December 1, 2017

Objectives:

The PRI Initiative’s integrity is dependent both on the actions of the Initiative and collective commitment and good efforts of PRI signatories to the PRI Initiative, its objects and the implementation of the Principles. The Serious violations policy is one means to safeguard the reputation, integrity and good efforts of the PRI and its signatories.

The purpose of the formal policy is to provide: the Board and Executive with a formal process to reference when there is an allegation of a serious violation; and assurance to signatories that there is a process and predictable response to a serious violation.

Read the consultation paper here
 

The PRI welcomes constructive comments from signatories on the draft policy, particularly:

  • Does the policy effectively support the stated objectives?
  • How could the policy be improved?  


Please contact christopher.sperling@unpri.org to arrange a call to provide your feedback or provide written feedback.

The PRI Board will reflect on feedback received from signatories before approving the policy.

Read more

PAST CONSULTATIONS

 PRI 2018-21 strategy  

Consultation period: 

October 18 – November 15, 2017

Objectives:

In April 2017 the PRI  launched the Blueprint for responsible investment, the vision the next ten years of responsible investment.  The Blueprint is the framework for the 2018-21 strategic objectives and the enabling environment. The PRI is now conducting a formal consultation on the three-year strategy via webinars and an on-line survey. 


Read the consultation paper
 here
 

Access the webinar recording here.

For further information about the draft strategy or the process please contact governance@unpri.org

 Proposals and methods to strengthen PRI signatory accountability 

Consultation period: 

August 1 – September 30, 2017

Objectives:

This public consultation aimed to collect detailed feedback on the PRI’s proposals for future minimum requirements and leadership criteria applicable to its signatories. It provides participants with in-depth descriptions of the proposed criteria, methods and rationales and aims to collect detailed feedback. The responses to the public, online survey together with feedback from a dedicated session at PRI in Person on September 25 will be evaluated and published later in the year. 


Read the consultation paper
in English here
 

Webinars

A webinar will be hosted on August 23, 3pm UTC+1. This will be an opportunity for PRI staff to go over key points of the accountability project and to respond directly to stakeholder questions and concerns. 

 SUSTAINABLE FINANCIAL SYSTEM, PRINCIPLES, IMPACT

Consultation period:
June 6- August 5, 2016

The PRI received nearly 200 submissions to the consultation and would like to thank signatories and stakeholders for their participation. An Executive Summary of the feedback is available here.
 

The full responses submitted by each organisation are available here. The PRI also received written responses from ICGN and Committee on Workers Capital

Objectives:

This consultation has 4 objectives:

  1. Determine which of the obstacles to a sustainable financial system lying within market practices, structures and regulation the PRI and its signatories should work together to address. 
  2. Determine the extent to which the PRI should use the Sustainable Development Goals (SDGs) as a framework to encourage and measure the 'real world' impact of responsible investment activity by signatories on the environment and society.
  3. Determine whether the Principles should be updated to reflect the issues raised in this paper.
  4. Determine how the PRI should define and measure its own success over the next decade.


Read the consultation paper
in English here. FrenchGerman and Portuguese translations are now available. A supplementary document and literature review are also available.

In September 2016, the PRI released its report Sustainable financial system: nine priority conditions to address. The consultation set out the PRI’s work on a sustainable financial system which will form part of its ten-year Blueprint for Responsible Investment, due for release in March 2017. To provide feedback on the report or for further information on the PRI’s sustainable financial system work, contact sustainablefinancialsystem@unpri.org.

Webinars

The PRI hosted two webinars on 6 July to update signatories on the objectives of the second consultation. A webinar recording is available here and the slides can be downloaded here. If you have any questions, please email priconsultation@unpri.org.
 

Board reply

The PRI Board published high-level recommendations in response to the consultation findings at its Signatory General Meeting (SGM) on 6 September 2016. These will form part of the PRI’s Blueprint for Responsible Investment, which will be published in early 2017 and outline an ambitious agenda for action by the PRI and the wider responsible investment community for the coming decade. 

 

STRENGTHENING ACCOUNTABILITY, RECOGNISING DIVERSITY

Consultation period:
December 2015 – March 2016.


Read the
consultation paper , which is also available in  French , German , Spanish and Portuguese .


Responses:

The PRI received more than 500 submissions to the consultation and would like to thank signatories and stakeholders for their participation. An Executive Summary of the feedback is available here.

You can review the full response submitted by each organisation here.


Objectives:
This consultation had two overarching objectives:

  • to determine how the PRI can better recognise diversity across its signatory base, allowing market forces to promote wider adoption of responsible investing practices while ensuring that the PRI remains inclusive and continues to welcome new signatories;
  • to identify additional accountability mechanism/s that could be introduced to ensure signatories currently making little or no progress are incentivised to do more, and determine whether those who show no progress over time should be delisted.

Webinars

The PRI hosted several webinars in February to update signatories on the objectives of the consultation. A webinar recording is available here and the slides can be downloaded here. Q&A sessions are available for the webinars held on the afternoons of 11 Feb and 17 Feb.


Boa
rd reply

The PRI Board published high-level recommendations in response to the consultation findings at its Signatory General Meeting (SGM) on 6 September 2016. These will form part of the PRI’s Blueprint for Responsible Investment, which will be published in early 2017 and outline an ambitious agenda for action by the PRI and the wider responsible investment community for the coming decade.