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Principles for Responsible Investment (UN PRI)

What are the Principles for Responsible Investment?
United Nations Principles for Responsible Investment (UN PRI) are based on accepted international conventions, which are targeted corporate investors, while the UN Global Compact deals with the individual company's position on human rights, labor, environment and corruption.

United Nations Principles for Responsible Investment
UN PRI was founded in April 2006 on the initiative of the former Secretary-General Kofi Annan. He invited some of the largest institutional investors and asset managers in the world to work together with the UN to develop principles for responsible investment. The point of departure was that information on environmental, social and corporate governance (ESG) issues are affecting investors' returns.

The six principles are:

  1. We will incorporate ESG issues into the investment analysis and decision-making process.
  2. We will be active owners and incorporate ESG issues into our investment policies.
  3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
  4. We will promote acceptance and implementation of the Principles within the financial sector.
  5. We will cooperate to enhance our effectiveness in implementing the Principles.
  6. We will report on our activities and progress towards implementing the Principles.

 SRI Model Stor

The process with introducing the principles (as illustrated by the triangle) into the investment analysis and decision-making process is continuous and reviewed annually by the UN PRI organisation. BankInvest signed the six UN Principles for Responsible Investment, on February the 11, 2008.

United Nations Global Compact
The UN Global Compact consists of ten principles on a number of areas of human rights, labour, the environment and anti-corruption (according to the UN website)

Human Rights
1. Businesses should support and respect the protection of internationally proclaimed human rights.
2. Businesses should make sure that they are not complicit in human rights abuse.

Labour
3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
4. Businesses should support the elimination of all forms of forced and compulsory labour.
5. Businesses should support the effective abolition of child labour.
6. Businesses should eliminate discrimination in respect of employment and occupation.

Environment
7. Businesses should support a precautionary approach to environmental challenges.
8. Businesses should undertake initiatives to promote greater environmental responsibility.
9. Businesses should encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption
10. Businesses should work against corruption in all its forms, including extortion and bribery.

PRI Questionnaire
The work with implementing the PRI principles in our investment analyses and decision processes is in progress. Annually, this work is evaluated by the UN's PRI organization based on a questionnaire. Please note that the questionnaires below represent the work of the previous year.

» Questionnaire filled in by BankInvest 2017

» How to invest with us

 

Last updated: 02.24.2017