Do the portfolios of the world's largest asset owners look drastically different today because of the Principles for Responsible Investment signed back in 2005? Peter Michaelis reflects on what has really changed
"We must work to make companies do more to respect human rights; to allow collective bargaining; we must develop ways to reduce inequality, to curtail CEO pay; we must accelerate decarbonisation; rein in the tech giants and ensure we achieve the sustainable development goals." It may sound like the running order from the Labour Party conference but this is actually the content for last month's Principles for Responsible Investment (PR) meeting in Berlin. The current PRI membership of 1,700 asset managers and asset owners represents $70 trillion (£53 trillion) of assets in equities, fixed...
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