Increasing asset owner participation

Objective 8

Increase representation and participation of asset owners

The role that asset owners play is fundamental to the responsible investment agenda. The influence they exert over the investment chain means they are at the core of what we do.

We were delighted to welcome 43 new asset owner signatories last year, taking our total to 346. Our overall signatory base has expanded since the previous year, with 289 new signatories, a net growth of 14%, our largest in five years.

43

NEW ASSET OWNERS

against a KPI target of 35

14

% NET SIGNATORY GROWTH

6.4

US$ trilLion IN AUM ADDED


Focused recruitment *

We took a systematic approach to signatory recruitment by identifying and engaging with non-signatory asset owners.

In Japan, we built on our previous success of recruiting Japan’s Government Pension Investment Fund (GPIF) by welcoming the Development Bank of Japan, Daido Life Insurance Company, Pension Fund Association and Nippon Life Insurance Company.

In many cases, recruitment across the globe was the result of a multi-year, coordinated effort from within the PRI.

Asset owner breakdown by type

Asset category (all AO signatories) Count Percentage
Corp. pension/super/retire/provident 71 20.52%
Development finance institution 10 2.89%
Endowment 21 6.07%
Family office 3 0.87%
Foundation 29 8.38%
Insurance company 49 14.16%
Non corp. pension/super/retire/provident 126 36.42%
Other 18 5.20%
Reserve - sovereign or government controlled fund 19 5.49%
Grand total 346 100.00%

Engaging to drive impact

We carried out more than 200 development sessions around the globe where we engaged with signatories, setting out steps they could take to better implement the Principles. We also held introductory calls with 75% of new signatories.

 

In addition, we launched a number of resources aimed at asset owners:

Investment policy: process and practice, a guide for asset owners, provides concrete, step-by-step guidance on how asset owners should be integrating ESG factors into their investment decisions. It offers a precise and implementable framework for integrating all material ESG considerations into investment policy. 

Read more

 

A practical guide to ESG integration for equity investing guides asset owners who are implementing ESG integration techniques in their investment decisions on assessing external managers’ integration practices throughout their existing selection, appointment and monitory process. It includes guidance on how to gain a good understanding of the manger’s investment approach and performance, risk management, stock selection and portfolio construction.

Read more

 

We released a working draft of our guide on investment strategy for investor comment. The upcoming final guide will support asset owners, including their board of trustees and executives, in developing and formulating their investment strategy, including how to incorporate responsible investment considerations.

Read more

 

We introduced the Data Portal, an online tool that empowers asset owners to engage with their managers.

Read more


NEW ASSET OWNER SIGNATORIES

We are delighted to welcome the following asset owners to the PRI
  • Ahold Pensioenfonds
  • ATP
  • BNP Paribas Cardif
  • Bpf Bouw Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid
  • Brasilprev Seguros e Previdência
  • Daido Life Insurance Company
  • Development Bank of Japan
  • Die Bayerische
  • GRUPO FINANCIERO BANORTE S A B DE C V
  • Ithmar Capital
  • Jeremy Coller Foundation
  • Juniata College
  • Kent County Council Superannuation Fund
  • Khazanah Nasional Berhad
  • MACIF
  • MAPFRE, SA
  • Movestic Livförsäkring AB
  • Natixis Assurances
  • Niederösterreichische Vorsorgekasse AG
  • Nippon Life Insurance Company
  • Northwestern University
  • P+ (DIP/JOEP)
  • Peninsula Participações
  • Pensioenfonds PGB
  • Pension Fund Association
  • PFA Pension
  • PKA
  • Rockefeller Brothers Fund
  • Sampension Administration A/S
  • SEB Life and Pension
  • Stichting Pensioenfonds Blue Sky Group
  • Stichting Pensioenfonds van de ABN AMRO Bank N.V.
  • The Consolidated Retirement Fund for Local Government
  • The Nobel Foundation
  • The University of Maryland Foundation, Inc
  • Thompson Rivers University
  • Transport for London Pension Fund
  • Unipol Gruppo Finanziario S.p.A - UnipolSai Assicurazioni
  • UNIVERSITÉ DE MONTRÉAL (FONDS DE DOTATION)
  • University of the Arts London
  • University of Toronto AM Corporation (re University of Toronto Pension Plan)
  • University of Toronto AM Corporation (re University of Toronto Endowment)
  • World Resources Institute

*This section has been amended to remove references to ChinaAMC, which is an investment manager not an asset owner, and to there being 13 new signatories in Asia excluding Japan, as this was the total number of new signatories for the region, not the number of new asset owners.