The United Nations Principle for Responsible Investment (PRI) has seen a dramatic uptick in the number of signatories, with 1,128 organisations signing in the past year up from 305 signatories in 2016, the organisation revealed to Investment Week.
As a result of the growth and to allow for more time for due diligence, the PRI has increased the time needed to process applications from two weeks to four weeks. The number of PRI signatories has grown every year since it was established in 2006. However, the signatory growth rate has surged from about 10% in 2016 to 25-30%. Asset managers increasingly incorporating climate-risk into investment decisions - Aviva Investors In line with this growth, PRI has gone from 305 new signatories year-on-year in August 2016, to about 1,128 new signatories in the year from August 2020. PR...
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