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Principles for Responsible Investment

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Synonyms

PRI

Definition

The Principles for Responsible Investment (PRI) can be defined as an initiative as well as a set of guidelines investors, who want to consider environmental, social, and governance (ESG) issues as part of their investment process, can sign up to. Launched by the United Nations, the PRI had more than 1,000 signatories, representing around US $30 trillion in assets under management as of July 2012. Various initiatives around the promotion of the Principles and of Responsible Investment in general have turned the PRI into a household name in the financial industry.

Introduction

In 2005, it was the United Nations Secretary-General, Kofi Annan, who launched the development of the Principles for Responsible Investment (PRI – for this section cf. http://www.unpri.org). Representatives from the world’s largest institutional investors were invited to collaborate in the development process for a set of principles designed to integrate environmental, social, and...

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Principles for Responsible Investment. Fig. 1
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References and Readings

  • Gray, T. (2009). Investing for the Environment? The Limits of the UN Principles of Responsible Investment, School of Geography and the Environment, University of Oxford, Oxford, Working Paper Series (June 8, 2009). Available at SSRN: http://ssrn.com/abstract=1416123

  • Joly, C. (2011). Reality and potential of responsible investment. In W. Vandekerckhove et al. (Eds.), Responsible investment in times of turmoil (pp. 193–210). New York: Springer.

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  • PRI (2012a). Annual report 2012. Retrieved July 4, 2012, from http://www.unpri.org/files/Annual%20report%202012.pdf.

  • PRI (2012b). Reporting framework – Pilot 2012. List of indicators. Retrieved July 4, 2012, from http://www.unpri.org/files/2012.04.16%20Reporting%20Framework%202012%20All%20indicators.pdf.

  • Richardson, B. J. (2011). Keeping ethical investment ethical: Regulatory issues for investing for sustainability. Journal of Business Ethics, 87, 555–572.

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  • Sparkes, R. (2002). Socially responsible investment. West Sussex: Wiley.

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  • Wen, S. (2009). Institutional investor activism on socially responsible investment: Effects and expectations. Business Ethics: A European Review, 18(3), 308–333.

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Correspondence to Annett Baumast .

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© 2013 Springer-Verlag Berlin Heidelberg

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Baumast, A. (2013). Principles for Responsible Investment. In: Idowu, S.O., Capaldi, N., Zu, L., Gupta, A.D. (eds) Encyclopedia of Corporate Social Responsibility. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28036-8_561

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