Commitment decade 10 years responsibility
In 2007, Nordea signed the UN Principles for Responsible Investment (PRI) as the first Nordic bank to commit to PRI. This year, 2017, it is 10 years since then and a lot of progress and development for sustainable finance has happened.
The United Nations Principles for Responsible Investment (UN PRI) was officially launched in April 2006 on the initiative of the former Secretary-General Kofi Annan. He invited some of the largest institutional investors and asset managers in the world to work together with the UN to develop principles for responsible investment. The point of departure was that information on environmental, social and corporate governance (ESG) issues are affecting investors’ returns.
Since then, the number of signatories has grown from 100 to more that 1850 – across asset owners, investment managers, and service providers representing approximately US$70 trillion.
What is PRI?
The PRI is the world’s leading proponent of responsible investment.
It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole.
The PRI is truly independent. It encourages investors to use responsible investment to enhance returns and better manage risks, but does not operate for its own profit; it engages with global policymakers but is not associated with any government; it is supported by, but not part of, the United Nations.
