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PRI Raising the Bar for Signatories

By Randi Morrison posted 04-27-2021 08:32 PM

  

Further to our recent report: “PRI Tells Investors to Step Up Their Voting on Shareholder Proposals,” among other proposed changes encompassed in PRI’s new strategic plan for 2021 – 2024 are increased minimum requirements (including proxy voting) for signatories that it believes will reduce the potential for greenwashing and enhance signatory accountability, as shown here:

The new minimum requirements are planned to be announced formally in July. Signatories would be required to report against them for the first time in January – March, 2022. Signatories that don’t meet the minimum requirements will be granted a one-year “engagement window” to comply; if they still don’t meet the minimum requirements by mid-2021, PRI will “de-list” them.

See “PRI Launches 3-year Strategic Plan, Prioritizing Climate Change Mitigation and Human Rights” (ESG Today).

         This post first appeared in the weekly Society Alert!
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