There is a growing view among investment professionals that ESG issues affect the performance of investment portfolios. Investors fulfilling their fiduciary (or equivalent) duty therefore need to give appropriate consideration to these issues, but to date have lacked a framework for doing so. The Principles for Responsible Investment, jointly developed by a group of the world's largest institutional investors, provide this framework. The principles are voluntary and aspirational. They are not prescriptive, but instead provide a menu of possible actions for incorporating ESG issues into mainstream investment decision-making and ownership practices.
- UNEP Finance Initiative
- United Nations Global Compact