UN’s Kofi Anan launches principles for responsible investment

May 01, 2006 02:00 AM

In a historic development for global financial markets, United Nations Secretary-General Kofi Anan was joined by a group of the world’s largest and most powerful institutional investors to launch the Principles for Responsible Investment (PRI).
The heads of leading institutions from 15 countries, representing more than $ $ 2 tn in assets owned, officially signed the Principles at a special launch event at the New York Stock Exchange.

The Principles were developed during an almost year-long process convened by the UN Secretary-General and facilitated by the UN Environment Programme Finance Initiative (UNEP FI) and the UN Global Compact.
The Principles, which are voluntary, identify a range of steps investors can take to integrate ESG issues in several areas, including investment decision-making, active ownership, transparency, collaboration and gaining wider support for these practices from the whole financial-services industry.

Resources from event, including the Principles for Responsible Investment, the list of Signatories, high resolution photographs, video coverage, and additional quotes will be available shortly from: http://www.unpri.org

Source: United Nations