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June 19, 2014
PRI Assets Top $45 Trillion
    by Robert Kropp

During the past year the Principles of Responsible Investment added more than 200 new signatories, bringing the current number of signatories to 1,265.


The United Nations' Principles for Responsible Investment (PRI) announced this week that the total assets under management represented by its signatories has surpassed $45 trillion.

Also, after adding more than 200 new signatories during the past year—including Harvard University's endowment, the first university endowment in the US to become a signatory—the PRI also announced that its total number of signatories is now 1,265. Of that total, 194 are headquartered in the US: 22 asset owners, 139 investment managers, and 33 professional service partners.

Asset owners and investment manager signatories to the PRI are required to complete lengthy responsible investment (RI) transparency reports, which are available on the organization's website. Since the PRI is a voluntary organization and adherence to its Six Principles is aspirational, investors seeking to ensure that their investment practices are sustainable will find a wealth of information with which to compare and contrast the activities of asset owners and investment managers.

"The updated figures come after analysis of the most rigorous data set on global responsible investment activity ever collected by the PRI," Managing Director Fiona Reynolds said. "The closure of the first reporting round under our new framework saw more than 800 investors disclose how they are implementing the PRI’s six Principles across their portfolios to help create a more sustainable financial system."

The PRI's announcement did not offer information on the number of signatories that might have been delisted during the past year. In 2012, the organization announced that 61 signatories had been delisted during the previous year, although it was unclear to what extent failing to implement the principles had a role. "Signatories are delisted if they do not pay the mandatory annual membership fee or participate in the annual reporting and assessment process, or if they choose to voluntarily leave the Initiative," the organization stated at the time.

 

 
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