All Sustainable financial system articles – Page 4
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Thought leadership
The European Commission Action Plan: Action 4
The European Commission Action Plan: An assessment of the reform areas for PRI signatories provides an overview of the main reform areas. Action 4 focuses on incorporating sustainability when providing financial advice.
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Thought leadership
The European Commission Action Plan: Action 3
The European Commission Action Plan: An assessment of the reform areas for PRI signatories provides an overview of reforms for PRI signatories. Action 3 focuses on fostering investment in sustainable projects.
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Thought leadership
The European Commission Action Plan: Action 2
The European Commission Action Plan: An assessment of the reform areas for PRI signatories provides an overview of the main reform areas. Action 2 looks at creating standards and labels for green financial products.
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Discussion paperResponsible investment and blockchain
This paper introduces blockchain and its relevance to responsible investors. Part one is a technical primer on blockchain, while part two explores some of the ways in which blockchain could transform the financial system and the implications this may have for investors.
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Discussion paper
A primer on blockchain
Part one of Responsible investment and blockchain provides a technical primer on blockchain.
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Discussion paper
The implications of blockchain for responsible investment
Central share depositories Modern shares are often not directly held by shareholders, but in bulk by specialist depositories (such as the DTC in the US), which then assign shares to their individual owners by keeping a central ownership register. This has drawn attention from blockchain reformers who claim that the ...
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Discussion paper
How policy and regulation affect investment consultants' approach to ESG considerations
Globally, we’ve seen growth in ESG-related regulation for asset owners and investment managers, but not investment consultants.
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Thought leadership
Investor recommendations for managing market short-termism
Below is an overview of recommendations, which are not comprehensive solutions, but aim to mitigate some of the most serious consequences of short-termism through changes in strategy and practice.
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Thought leadershipResponding to megatrends: Investment institutions trend index 2017
What is a megatrend? Most institutions share a common belief that megatrend dynamics will result in multidimensional transformations across society, technology, economics, environment and politics (STEEP). We would also strongly encourage this thinking about megatrends to be framed within the context of an integrated system of real-world powerful forces altering ...
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News and press
PRI publishes investment consultant services review
Investment consultants advise on the investment practices of trillions of dollars worldwide.
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Discussion paper
How industry practices affect investment consultants approach to ESG considerations
Market structure issues are compounded by consulting practices and processes.
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Discussion paper
How market structure affects investment consultants approach to ESG considerations
Relationships between asset owners and investment consultants have a major influence on whether and how investment consultants take account of ESG issues in the advice that they provide.
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Discussion paper
Potential improvements to how investment consultants approach ESG considerations
Our central conclusion is that investment consultants are unlikely to take action on ESG issues without stronger incentives to do so from their asset owner clients.
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Discussion paperInvestment consultants services review
Most consultants and their asset owner clients are failing to consider ESG issues in investment practice – despite growing evidence of the financial materiality of ESG issues to portfolio value.
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Discussion paper
Investment consulting and a sustainable financial system
ESG considerations seen as niche service offerings, often entailing extra costs, and only to be provided when explicitly requested by asset owner clients.
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News and press
PRI announces plans to reimagine, look beyond modern portfolio theory
Examining the limitations of modern portfolio theory (MPT), the PRI has announced a programme of activities designed to analyse and consider the possibilities of investment decision making.
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WebinarPRI in Person 2017 - Latest insights from RI research
Prize winning research will be presented from the PRI Awards and the FIR-PRI Finance and Sustainability Awards.
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Thought leadershipCorporate and investor strategies for managing market short-termism
Short-term pressure is an obstacle to creating a global financial system that supports long-term value creation and benefits the environment and society, finds the PRI’s report, Coping, shifting, changing 2.0: Corporate and investor strategies for managing market short-termism.
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Blog postBeyond modern portfolio theory – how investors can mitigate systemic risk through the portfolio
The near universally adopted modern portfolio theory (MPT) put forward by Nobel laureate Harry Markowitz in 1952 is blind to the effect of portfolio investment on the capital markets’ overall risk/return profile and on the macro systems upon which the market relies for stability.
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Blog postLong-term social issues drive economic growth, so why aren't investors behind the wheel?
Long-term social issues – the ‘S’ in ESG – matter for investors. They are key factors determining both long-term GDP growth and the level of equilibrium of interest rates.
