The UN-backed Principles for Responsible Investment initiative now has more than 2,200 signatories and witnessed membership growth of 21 per cent in 2018, the body has said.
In an update on the organisation’s performance over the previous 12 months, it said membership growth in North America, the UK and Ireland was notably strong, while Southern Europe and Asia also witnessed “solid increases” in signatory numbers.
“Investors worldwide are increasingly concerned about issues such as climate change, modern slavery and tax avoidance,” said PRI chief executive officer Fiona Reynolds. “They also see the benefits of collaborating under the PRI umbrella and using their collective voices to effect change relating to ESG issues.”
Reynolds said while the organisation’s membership growth was commendable, it was important that the body remained focus on the issues. She added: “While it is very gratifying to see this growth, the PRI is not just focused on numbers. We are keenly aware that there is a great deal of work to be done to make more investors aware of the importance of looking at ESG considerations, especially in both developed and emerging markets.”