At the PRI, we know that our work has environmental, social and governance impacts.
Most of the PRI’s impact is positive and happens indirectly via the work that we do to help our 1,700 signatories implement the Principles.
We have an impact on:
Beyond these positive, indirect impacts, we recognise that our operating activities can have a negative direct impact, and we try to minimise these wherever possible. We do this through:
The PRI has been certified as compliant with ISO 14001, the international standard for environmental management systems. As part of this certification, we will continue to monitor, manage and reduce our impact on the environment through transport, waste, consumption of natural resources, energy use and procurement. We strive to make sure our events are as green as possible. For example, we acknowledge that PRI in Person has the potential to impact the environment and that it is our duty to proactively manage this. In 2016, we offset the emissions related to the event by investing in South Pole Group's climate protection project: Water waste treatment in Thailand. We are proud to have offset 2977 tonnes of CO2e. The event is also paperless and we only provide vegetarian meals.
We believe that our employees have the right to work in an environment of dignity and respect. As such, we are accredited as a Living Wage Employer, whereby we ensure that our staff are paid a salary that will ensure a good standard of life. We believe that this is not only the right thing to do for our employees, but the right thing to do for our business too.
We are also against unpaid internships and ensure that interns are paid a decent and fair salary.
To ensure a positive working culture, we invest in the training and development of our staff; have set up a staff committee to provide impact on issues that affect employee satisfaction; and will align our work with the UN Guiding Principles on Human Rights.
Good governance at the PRI includes annual signatory elections, term length limits for Board Directors, publishing Board meeting attendance and compensation records and clear separation between the roles of Managing Director and Chair. The PRI has a board diversity policy in the belief that diversity contributes to high-performance.
We are committed to ensuring a fair, transparent, cost-effective and accountable process in the purchasing and provision of goods and services to our signatories and other stakeholders. We have a procurement policy in place to provide direction to staff in relation to tendering, contracting and procurement activity. The policy aims to establish a framework that will, among other things, appropriately manage risk, ensure the efficient, effective and responsible use of resources, and deliver best value for money.
Our public communications policy ensures we advocate for the uptake of the six Principles and responsible investment, but that we don’t speak on behalf of our signatories.