UN PRI: The honeymoon is over, what lies ahead?

Wolfgang Engshuber, Chair of United Nations Principles for Responsible Investment (UN PRI) summarizes the development of the company over the last six years: “The honeymoon is over.” He goes on to describe the desired direction for UN PRI: “Globally represented, covering the whole investment universe and signatories who have impact on major themes.”

In this interview, recorded at the ESG Europe 2011 conference, Engshuber talks about what he considers to be a success ten years from now: “In ten years ESG [Environmental, Social and Corporate Governance] should be mainstream and a major driver of consideration.”

Moving along signatories

Nearly thousand asset owners, investment managers and service partners have signed the UN PRI, which consists of six principles in the field of ESG. These signatories report on the extent to which they implement the principles and they fund the UN PRI by paying subscription fees.

Engshuber talks about the different kind of signatories of UN PRI: “We have a leading edge group and we want them to have a major impact. But we also have a lot of signatories who are just starting.” Engschuber outlines his goal: “In the end we want to bring everybody together and move them along.”

Reference and citing

This interview was recorded during ESG Europe 2011 conference, held in Amsterdam, October 2011, organized by the Responsible Investor.

This article may be reproduced according to our terms of use with attribution (and link, if online) to http://fsinsight.org. To be cited as: “UN PRI: The honeymoon is over, what lies ahead?”, Wolfgang Engschuber, fsinsight.org, November 14, 2011.