UNPRI goes for relaunch and redesign

The UN-backed group seeking to promote the Principles for Responsible Investment is launching a redesign of its reporting and assessment framework and opening it up for broad consultation during September and October. Investment firms that sign up to PRI will be required to report using the new framework from 2013. Next year participation in the survey will be voluntary, during which time the framework will be thoroughly tested. "We have learnt a lot of lessons over recent years, and there were certainly concerns expressed by signatories," said James Gifford, executive director of the PRI Initiative. "From our discussions with investors, we believe there is a real need for a reliable process to assess responsible investment capability, and like all other areas of business, there needs to be clear indicators of progress and success."

Source document: The UNPRI news release gives a few more details.