UNPRI meaning in Business ?

Answer:

What is United Nations Principles for Responsible Investment mean?

Principles for Responsible Investment (UNPRI or PRI) is a United Nations-supported international network of investors working together to implement its six aspirational principles, often referenced as "the Principles". Its goal is to understand the implications of sustainability for investors and support signatories to facilitate incorporating these issues into their investment decision-making and ownership practices. In implementing these principles, signatories contribute to the development of a more sustainable global financial system.

The Principles offer a menu of possible actions for incorporating environmental, social and corporate governance issues into investment practices across asset classes. Responsible investment is a process that must be tailored to fit each organisation's investment strategy, approach and resources. The Principles are designed to be compatible with the investment styles of large, diversified, institutional investors that operate within a traditional fiduciary framework.

As of August 2017, more than 1,750 signatories from over 50 countries representing approximately US$70 trillion have signed up to the Principles. In some cases, before retaining an investment manager, institutional investors will inquire as to whether the manager is a signatory.

reference nan