Definitions
The former United Nations (UN) Secretary-General Kofi Annan met a group of the world’s largest institutional investors in 2005 where they were invited to take part in a process to develop the so-called Principles for Responsible Investment (PRI). These investors, 20 in total from institutions in 12 different countries, joint forces to develop the Principles. In their work, they had a support from a larger group of experts from the investment community, civil society, and intergovernmental organizations. In April 2006, the PRI was launched at the New York Stock Exchange. The UN is a supporter of the PRI, but PRI has two other UN partners which are the UN Environment Programme Finance Initiative and the UN Global Compact, both play a key role in the success of the PRI (PRI Association n.d.-a).
As a leading advocate of responsible investment worldwide, the PRI aims for understanding the implications of environmental, social, and governance factors (ESG) for investments and to...
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Doni, F., Johannsdottir, L. (2020). Environmental Social and Governance (ESG) Ratings. In: Leal Filho, W., Azul, A.M., Brandli, L., Özuyar, P.G., Wall, T. (eds) Climate Action. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-95885-9_36
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