Question

Which two reports formed the backbone for the launch of the PRI?

Answer 1

Step-by-step explanation:

The Principles for Responsible Investment (PRI) were launched based on two important reports. The first one, called "Who Cares Wins," was created in 2004 and suggested that institutional investors should think about environmental, social, and governance (ESG) factors when making investments. The second report, known as the "Freshfield's Report" or "Investment and the Environment," came in 2005 and focused specifically on how environmental considerations should be part of responsible investment. Both reports laid the groundwork for the PRI, a global initiative started in 2006 to encourage investors to consider not only financial returns but also the impact of their investments on the world.

Answer 2

The Freshfield Report and the Who Cares Wins Report were pivotal in the launch of the Principles for Responsible Investment (PRI), emphasizing the importance of integrating environmental, social, and governance (ESG) considerations into financial decisions.

Step-by-step explanation:

The two reports that formed the backbone for the launch of the Principles for Responsible Investment (PRI) are the Freshfield Report and the Who Cares Wins Report. The Freshfield Report, produced by the law firm Freshfields Bruckhaus Deringer, investigated the integration of environmental, social, and governance (ESG) issues into financial analysis and investment decision-making. The Who Cares Wins Report was commissioned by the UN Secretary-General and developed by leading financial institutions, laying down the concept that integrating ESG considerations into capital markets makes good business sense and leads to more sustainable markets and better outcomes for societies. The PRI itself is an investor initiative in partnership with UNEP Finance Initiative and the UN Global Compact, aiming to understand the implications of sustainability for investors and support signatories in incorporating these issues into their investment decision making and ownership practices.