Principles for Responsible Investment (PRI) signatories required to report on climate change risks from 2020
Author: Elizabeth Pfeuti, IPE, Published on: 21 February 2019
"PRI signatories must report climate change risks from 2020", 20 Feb 2019
The UN Principles for Responsible Investment (PRI) will require its entire book of 2,250 signatories – including asset owners, investment managers and service providers – to report how they have considered specific climate change risks in their portfolios from 2020...Fiona Reynolds, chief executive officer of the PRI, said: “It is increasingly important for investors to incorporate emerging mega-risks such as climate change into their view of the future.”...Despite the current lack of obligation by the PRI, more than 480 investors representing $42trn opted to complete the indicators and submit responses. In 2019, the climate indicators will be voluntary but will become mandatory in 2020. From then, signatories of the PRI will have the choice to keep their reports confidential to the UN body itself.