The PRI connects investment practitioners with academic insight by bringing investors and academics together to collaborate, by sponsoring bespoke practitioner-focused research and by bringing the best insights from existing academic research to investors in a practical format
In 2015, the PRI integrated its Academic Network conference with PRI in Person for the first time, with a stream of sessions throughout the two days bringing academic insight to more than 1,000 delegates from 35 countries. Key sessions covered topics such as:
Investors heard from academics representing institutions including:
The 2015 Academic Workshop, sponsored by Sycomore AM, brought together more than 70 investors and academics to discuss the top responses to the PRI’s call for papers:
Immature or impossible: Making environmental, social and corporate governance issues calculable for investors?
A. Young-Ferris (University of Sydney), J. Roberts
The ‘price of sin’ aversion: Ivory tower illusion or real investable alpha?
H. Adamsson (Henley Business School), A. Hoepner
Red versus Blue: Do Political Dimensions influence the Investment Preferences of State Pension Funds?
L. Schopohl (Henley Business School)
By building bridges between the academic and finance communities and their stakeholders, the FIR-PRI Finance & Sustainability Awards support original research with a combined €30,000 of research prizes, promoting practically relevant academic research with the aim of building a network of researchers in responsible investment. The 2015 winners were:
Does corporate social responsibility lead to superior financial performance? A regression discontinuity approach
Finance and society: On the foundations of corporate social responsibility
Divestment of fossil fuel equities, its financial implications, and alternative asset allocation strategy
Mayank Kumar Jain
(Imperial College London and Henley Business School)
CSR within morally objectionable businesses: Can what’s done be undone?
(Université des Antilles et de la Guyane)
The FSI-PRI Competition for Best Research on Responsible Investment recognises the best Quebec-based research on responsible investment. The US$5,000 winner in 2015 was The societal performance of companies and their probability of facing media events damaging to their reputation by Édith Breault (Université de Sherbrooke), awarded at the PRI’s Quebec Network conference.
Post-COP21: investing in a low-carbon world, calls on investors to heed the new climate change calculus of the Paris Agreement. Drawing on the findings of the best academic research available, it discusses:
The PRI Academy provides CFA-accredited online training on how ESG issues impact company performance, shareholder value and investment decisions. The training is completely web-based, meaning that you can start and finish when and where you please: no travel, no pressure, lower greenhouse gas emissions.
Number of signatories with objectives to provide training on ESG incorporation
Number of signatories with objectives to provide training on ESG engagement
Number of students enrolled in PRI Academy courses in 2015/16
PRI Academy courses approval rating:
...against a target of 75%.
PRI Academy courses feature content from international experts, real and hypothetical case studies and financial modelling. Every course is delivered entirely online.
Responsible Investment Fundamentals is a two-three hour training course designed for business professionals who want an insight into responsible investment. The course delivers the business case for investing responsibly and introduces new ideas to traditional investment approaches.
RI Essentials Responsible Investment Essentials is a 12-14 hour course focusing on identifying and implementing ESG factors into investment decision-making. The course uses case studies to illustrate the materiality of ESG issues in business, introduces strategies for identifying and managing new approaches to ESG risk, and demonstrates methods for integrating sustainability data into financial modelling.
Enhanced financial analysis Enhanced Financial Analysis is a six-eight hour advanced course. The course examines the use of sustainability data in fundamental investment analysis and stock valuation, identifying critical ESG issues relevant to sustainability performance, key value drivers, and overall financial outcomes.
Academy courses do not require any existing skills or knowledge, though candidates considering the Enhanced Financial Analysis course will get the most out of it if they have experience of financial analysis and responsible investment.