The UN Principles for Responsible Investment (PRI)

The UN PRI group, formed in 2005, to develop a set of Principles for Responsible Investment (PRI), includes investors based in the US, Europe, Australia and emerging markets.  Australia has 60 signatories and as such is the most active country in this initiative: 

“The UN Global Compact is an extremely important tool for helping companies to achieve long-term business success while also fulfilling society’s expectation that they should operate responsibly. It provides companies with a framework of widely accepted standards to use in their management of environmental, social and governance (ESG) issues. Participation in the UN Global Compact sends a strong signal to investors that companies are both alert to the business implications of ESG issues, and taking active steps to incorporate them in their strategy and risk management.” Donald MacDonald, Chair of the PRI initiative and Trustee of the BT Pension Scheme. Posted November 2008 EthicsWorld