
The Principles for Responsible Investment (PRI) has launched a call for research building evidence and insight into which factors create successful investor-company engagement on environmental, social and governance (ESG) issues.
It said up to £10,000 (€12,931) is available to support the internationally-focused research project.
The research should address these questions:
• How can investors and companies constructively engage on ESG issues?
• How effective are investor collaborations in engaging with companies on ESG issues and influencing corporate behaviour?
It is inviting expressions of interests, from which candidates will be shortlisted and one will be invited to submit a full proposal. The successful candidate will be provided with access to data from the PRI’s Collaboration Platform (formerly the Clearinghouse) and PRI coordinated collaborative engagements. The project is expected to start in August 2016 and be completed within 12 months.
Preference will be given to those proposals submitted by teams with members in different regions of the world and with at least one academic and one investment practitioner.Multidisciplinary approaches are welcomed and the deadline to submit expressions of interest is July 3.
Earlier, the PRI announced that leading credit ratings agencies are joining an initiative to look at ESG factors in a more systematic way. To kick-start that initiative, 100 investors managing US$16 trillion of assets, and six credit rating agencies have signed a Statement on ESG in credit ratings.
The credit ratings agencies taking part in the initiative include S&P Global Ratings, Moody’s, Dagong, Scope, RAM Ratings and Liberum Ratings.
The launch of the Statement marks the start of a two-year programme funded by The Rockefeller Foundation to bring investors and credit ratings agencies together in a series of ratings forums around the world to discuss the links between ESG and creditworthiness.
Staying with the PRI, it has teamed up with the Institutional Investors Group on Climate Change to publish A guide on climate change for private equity investors aimed at institutional investors who are limited partners (LPs) in private equity funds or private equity fund general partners (GPs) managing such funds. The guide updates IIGCC’s 2010 A Guide on Climate Change for Private Equity Investors.