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July 02, 2008
UN PRI Stresses Disclosure
Principles for Responsible Investment considers expelling firms who don’t follow disclosure
requests.
SocialFunds.com --
Firms and fund managers who have signed onto the United Nations’ Principles for Responsible
Investment (UN PRI) could be expelled if they
don’t follow through with its disclosure provisions.
Last week UN PRI chairperson Donald
MacDonald said that although only a few organizations haven’t responded to the PRI’s survey of ESG
practices, the UN PRI is “actively” considering excluding the signatories who aren’t satisfying its
requirements. The UN PRI is also considering more comprehensive analysis of the funds that join
with the Principles and a stricter certification process.
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