The 2024 PRI awards will recognise and reward main apply and innovation in how asset managers, asset homeowners or service suppliers have developed accountable funding methods and stewardship practices. This 12 months we have now additionally launched three new classes which can recognise main responses to the challenges and alternatives confronted by signatories in relation to local weather, human rights, and nature. This is perhaps by creating approaches to stewardship, collaboration, capital allocation to ship higher sustainability outcomes. There will probably be two particular awards recognising submissions from signatories who’ve HQ within the rising markets or whose submission demonstrates funding allocation or stewardship programmes targeted on attaining constructive outcomes in an rising market or whose submissions focuses on actions relating to non-public markets.

The judging standards will mirror the broad vary of signatories PRI serves – from asset homeowners and asset managers to service suppliers – and their distinct position within the funding chain. In several methods, the winners can have launched practices or undertaken initiatives which enhance risk-adjusted returns and / or make a direct affect on sustainability outcomes.  

Submissions would possibly cowl stewardship programmes or collaborative initiatives, provision of companies, the number of managers, funding practices or methods throughout completely different asset courses. They is perhaps applied throughout particular person funds, mandates or funding methods however must be launched with the intention of delivering improved sustainability outcomes and / or higher danger adjusted returns. The submissions ought to showcase innovation, change or a brand new strategy that has been launched or developed considerably in 2023 and 2024. Importantly, these awards will recognise main apply in every class, they aren’t rankings, rankings or a judgement on a complete organisation or entity. 

Judging will probably be undertaken by a panel of unbiased judges who don’t work at PRI signatories or are PRI staff. Beforehand judges have been drawn from academia, funding business and not-for-profit organisations. The method will probably be managed by PRI and sure by our Phrases and Circumstances. The judges will assess and rating all eligible entries towards category-specific standards.  

Innovation in accountable funding technique

This award will recognise main practices and innovation in how asset managers or asset homeowners have been integrating environmental, social and / or governance elements into asset choice, portfolio development and/or strategic asset allocation. We invite submissions the place the main focus is on innovation that results in improved risk-adjusted returns and may very well be throughout public, non-public or a number of asset courses. It is perhaps utilized on particular person funds, mandates, organisation huge or an funding technique. 

Submissions: 

• Ought to showcase modern approaches to integrating environmental, social or governance elements into strategic asset choice, portfolio development and / or asset choice to enhance danger adjusted returns.  

• Might be based mostly on public, non-public market asset courses or multi asset methods. 

• May relate to an strategy based mostly on a fund, mandate or funding technique. 

• Shall be favoured if they’re able to mix improved danger adjusted returns and proof of improved sustainability outcomes and / or excessive ranges of transparency. 

System stewardship

This award will highlight achievements within the discipline of stewardship in 2023 and 2024. Submissions may cowl a spread of approaches to stewardship akin to use of sustainability KPIs, DDQs, collaborative engagement initiatives, shareholder resolutions, portfolio firm board affect, coverage engagements or tasks utilizing different stewardship instruments or actions.  

Judges will inform  their judging selections on the alignment of the venture with PRI’s framework for management in stewardship: Lively Possession 2.0   and the Authorized Framework for Influence.  

Every submission will probably be assessed based mostly on the diploma to which the actions lead to progress on sustainability  outcomes; search to handle a systemic sustainability concern (i.e. a standard objective); and use collaboration between buyers and with different stakeholders as a car to attaining actual world change. 

Submissions: 

• Ought to describe a significant milestone, occasion or growth in 2023 or 2024 and is perhaps the results of a long run or ongoing programme. 

• Ought to articulate a transparent rationale for pursuing sustainability outcomes and describe how the initiative or engagement (utilizing chosen instruments and actions) intends to drive sustainability outcomes (principle of change).  

• Ought to embody proof of progress in direction of attaining sustainability outcomes, excessive ranges of transparency and modern or completely different approaches.  

• Might be throughout any asset courses and embody engagement with funding managers by asset homeowners.  

• Collaborative initiatives in any kind have to be submitted for the initiative total, slightly than for the contributions from one (or a subset of) participant(s). 

• Submissions should both have the log out from all signatories taking part within the initiative or an appropriate governance physique for the initiative (e.g. a steering committee). See T&Cs for extra info. 

• Collaborative engagements which might be coordinated solely by the PRI usually are not eligible for this award.  

Recognition for motion – Local weather

This award will probably be given to those that have demonstrated modern, impactful and clear motion in responding to investment-related challenges and alternatives posed by local weather change. It’s supposed to be open to asset managers, service suppliers, and asset homeowners. 

Submissions: 

• For asset homeowners or asset managers, this may very well be solely, or a mixture of, an funding technique, strategic asset allocation, stewardship or collaborative initiative and /or affect reporting. 

• Ought to embody proof of modern or completely different approaches which lead to sustainability outcomes with excessive ranges of transparency (together with clear targets and areas of progress).  

• Ought to primarily give attention to climate-related actions, however the content material can cowl different sustainability points or themes as properly. 

• May cowl signatory responses and approaches to transition dangers, mitigation, adaptation and / or resilience.  

• Might be based mostly on public, non-public market asset courses or multi asset methods. 

• May relate to an strategy based mostly on a fund, mandate or funding technique. 

• For service suppliers, this may very well be an modern service to supply an answer to issues confronted by, or alternatives out there to, asset homeowners or asset managers in relation to local weather change akin to transition dangers, mitigation, adaptation and / or resilience. Examples of submissions from service suppliers would possibly embody analysis, rankings, knowledge assortment & evaluation, recommendation on asset supervisor choice. 

Recognition for motion – Human rights

This award will probably be given to those that have demonstrated innovation in responding to the challenges that the funding business has been dealing with in respecting, selling and defending human rights. Open to asset managers, service suppliers, and asset homeowners. 

This award recognises excellence in taking motion on human rights according to the United Nations Guiding Ideas (UNGPs) and OECD Pointers for Multinational Enterprises throughout funding and / or stewardship practices. It is going to be given to those that have developed and applied modern, impactful and clear practices. This class is meant for submissions that considerably advance the safety and promotion of human rights in – and by – the funding neighborhood. 

Submissions: 

• Ought to embody proof of modern or completely different approaches which lead to sustainability outcomes with excessive ranges of transparency (together with clear targets and areas of progress).  

• For asset homeowners or asset managers, the submission may relate to dedication, funding technique, asset allocation, stewardship or collaborative initiative and / or affect reporting 

• For service suppliers, the submission may very well be an modern service to supply an answer to issues confronted by asset homeowners or asset managers in relation to human rights. Examples of submissions would possibly embody analysis, rankings, knowledge assortment & evaluation, recommendation on asset supervisor choice. 

• Might be based mostly on public, non-public market asset courses or multi asset methods. 

• May relate to an strategy based mostly on a fund, mandate or funding technique. 

• The judges will welcome submissions which embody practices or initiatives throughout three pillars of the UN Guiding Ideas particularly entry to treatment. 

Recognition for motion – Nature

This award will probably be given to those that have demonstrated modern, impactful and clear motion in responding to investment-related challenges and alternatives posed by nature (or particularly biodiversity). It’s supposed to be open to asset managers, service suppliers, and asset homeowners. This class seeks to highlight actions that considerably contribute to the preservation of pure ecosystems and biodiversity. 

Submissions: 

• Ought to embody proof of modern or completely different approaches which lead to sustainability outcomes with excessive ranges of transparency (together with clear targets and areas of progress).  

• For asset homeowners or asset managers, submissions may very well be solely, or a mixture of, an funding technique, strategic asset allocation, stewardship or collaborative initiative and/or affect reporting. 

• Might be based mostly on public, non-public market asset courses or multi asset methods. 

• May relate to an strategy based mostly on a fund, mandate or funding technique. 

• For service suppliers, submissions may very well be an modern service to supply an answer to issues confronted by, or alternatives out there to, asset homeowners or asset managers in relation to nature. Examples of submissions from service suppliers would possibly embody analysis, rankings, knowledge assortment & evaluation, recommendation on asset supervisor choice. 

Particular award – Rising markets  

• This isn’t a separate class however can be chosen from submissions from all classes. 

• Submissions can be open to PRI signatories who’re both based mostly in, or have developed modern methods to allocate capital to, rising markets. 

• The successful submission can be the very best scoring entrant from any of the principle awards who’ve been recognized as appropriate for this award. 

• This award can be self-selected and eligibility reviewed by PRI.

Particular award – Personal markets 

• This isn’t a separate class however can be chosen from submissions from all classes. 

• Submissions would solely be relevant from signatories who’ve self-identified that their proposal has a personal market focus. This may be reviewed by PRI. 

• The successful submission can be the very best scoring entrant from any of the principle awards who’ve been recognized as appropriate for this award. 

• This award can be self-selected and eligibility reviewed by PRI.

Again to the awards web page

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