The administrators of the Principles for Responsible Investment and the
Enhanced Analytics Initiative have announced a ‘formal alignment’ which
will involve both parties inviting signatories of each initiative to
join the other.
The two schemes have attracted the support of dozens of institutional
investors, a number of whom are already members of both, according to
EAI chairman David Blood.
The PRI is a set of SRI principles for investors introduced by the
United Nations last summer, and the EAI is an international
collaboration in which asset owners and managers encourage brokers to
produce better non-financial analysis. The first principle of the PRI
commits signatories to incorporate environmental and social issues into
their analysis and decision-making.
As well as encouraging cross-membership, the two will promote the sharing of best practice between members.
‘The first step is to encourage the development and use of
extra-financial research by a broader group of investors, but we also
need to think more about how the research is being integrated into our
investment processes,’ said Donald MacDonald, chair of the PRI board.
‘This partnership will help to do that.’
