Ethical Performance
inside intelligence for responsible business


SRI initiatives ready to join forces

February 2007

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.'

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