« Home

Home » Business & Economics » Business » Mallin: Corporate Governance 2e » Student resources » Updates » September 2007 » Chapter 7

Mallin: Corporate Governance 2e

Chapter 7

International guidance

Page 106 of book

UN Principles for Responsible Investment (PRI) were issued in 2006.  The PRI were developed by an international group of institutional investors reflecting the increasing relevance of environmental, social and corporate governance issues to investment practices. The process was convened by the United Nations Secretary-General.
The PRI state: "As institutional investors, we have a duty to act in the best long-term interests of our beneficiaries. In this fiduciary role, we believe that environmental, social, and corporate governance (ESG) issues can affect the performance of investment portfolios (to varying degrees across companies, sectors, regions, asset classes and through time). We also recognise that applying these Principles may better align investors with broader objectives of society".

The PRI are accessible at:
www.unpri.org/news/