The Principles for Responsible Investment (PRI) has raised the bar for members by delisting five signatories that have not lived up to the expected standards of the UN backed institution.
“The PRI supports signatories with one-on-one sessions, action plans and guiding resources over a two-year period to help them implement the changes necessary to meet the minimum requirements. Delisting is a last resort if a signatory has not met the requirements after the two-year period,” PRI said in a statement. The five laggards that were delisted include three European investors: the USD 40 million (EUR 33.9 million) Stichting Gemeenschappelijk Beleggingsfonds FNV based in Amsterdam; the USD 5.1 billion BPE — the private banking unit of La Banque Postale, and the USD 50 million French manager Delta Alternative Management. The twoThe full article is only available to members
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