PRI launches consultation to inform re-think of annual assessments

The Principles for Responsible Investment (PRI) has launched an online consultation and a series of workshops to gather signatory feedback on its Reporting Framework.

The Framework governs the PRI’s annual assessment of ESG integration in the investment policies of its signatories.

According to a post by CEO Fiona Reynolds, the consultation is a component of “an extensive review” of the Framework to “ensure that it remains useful and relevant to signatories and the industry at large”.

The consultation asks signatories for feedback on a number of assessment factors including presentation of the scores (options include percentage scores, a three-star system and percentiles), how assessment scores are being used and utilisation of the Data Portal – the online resource which enables signatories to communicate their assessment scores.

The survey additionally aims to gauge signatory appetite for the introduction of the Sustainable Development Goals (SDGs) into the Reporting Framework. Respondents are asked how they would utilise the reporting of “real-world” investment outcomes aligned to the SDGs.Signatories are also asked to evaluate individual modules of the assessment – including the voluntary Climate Change components [TCFD] which was introduced in 2018.

The consultation revealed a renewed focus on Service Providers – which include investment consultants, media companies and stock exchanges – and asks signatories how the assessment could feed into selection and appointment.

Notably, the consultation does not touch on the current voluntary disclosure model. In the consultation preamble, the PRI acknowledges that its “large and diverse signatory base” may result in “possible trade-offs”.

Signatories can find a list of workshops and webinars, and take the online survey here.

Earlier this month the PRI invited signatories to join the newly formed Corporate Reporting Reference Group. The aim is to improve the quality of corporate ESG reporting and stimulate convergence in (corporate) reporting standards and contribute to the development of a standard for SDG/impact measurement and reporting, amongst other aims. The deadline for application is May 31.