The Principles for Responsible Investment (PRI) is working on establishing a collective engagement effort on human rights, similar to Climate Action 100+ (CA100+), RI understands.
Human rights are increasingly rising up the investor agenda. Just last month around two-thirds of respondents to an RI survey said they believe human rights will become as mainstream a consideration as climate change for investors. Investors are also increasingly conducting collective engagement on the issue.
The PRI’s engagement initiative is expected to initially identify and select the two most important sectors - both in terms of their size and commonality and/or severity of human rights issues, RI understands. From there, approximately the 30 largest companies will be selected for collective engagement as a starting point.
Currently, the PRI is recruiting a new member of staff to help internally. From September, it plans to start recruiting investors for an…