Principles For Responsible Investment (PRI) was established as an initiative to guide investors in cooperation with UNEP-FI and Global Compact. It is an initiative that represents more than $80 trillion in managed assets in more than 60 countries. In addition, cooperation has been made with more than 2,000 institutions and the undertaking has been signed. They encourage the adoption of established principles as an institution. Cooperation has been established between those who have committed to abide by the principles.
At the same time, good governance, honesty and accountability should be developed and made permanent while ensuring the cooperation of institutions.It has been tried to ensure that a sustainable financial system is in market practice. It has been requested that these principles be a structure and regulation used in a sustainable global financial system. At the same time, the structures that prevent this have been tried to be removed. The six principles developed as a result of requests received from investors are supported by the United Nations.
PRI wanted to make responsible investing a necessity in the financial market with the six principles it came up with. Therefore, a network of connections was established with its international signatories and a joint study was carried out with them. As an institution, it is desired to progress by understanding the effects of environmental, social and governance problems on investments. Collaborators with the aim of social investment are wanted and supported to be supported. It is supported in order to remove the obstacles that prevent responsible investment from becoming permanent data. The signatories are supported in the process of integrating the investment and savings decisions made in this direction into the principles.As a consequence, institutional investors will be more likely to behave in the beneficiaries' best and long-term interests.
As an institution, they want to be a policy maker where responsible investment principles are accepted and implemented in the investment sector. The most important issue for changing financial habits by focusing on responsible investment habits is to integrate investment analysis and decision-making processes with responsible investment. By cooperating with the United Nations and PRI in this sense, they were able to be pioneers and produce policies. In this sense, it has been an important process to examine whether each party that has committed to abide by the PRI principles is engaged in appropriate activities.
As a result, with the support of the United Nations, the PRI is committed to integrating ESG issues into their investment analysis and decision-making processes. They have owned and integrated ESG issues into policy implementation. It will be ensured that the institutions invested by the Agency report their ESG practices appropriately, and it will be regularly audited whether they are in an appropriate attitude.
Author:
Buğçe Ağca
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