UN PRI warns signatories (particularly, investment managers) that they are prepared to thin the herd

While we have been alerting clients to this risk for the past several months, there is now some media pickup on a new initiative of PRI: to target (mostly) asset manager-signatories who have not undertaken steps to implement the PRI principles with the (ultimate) threat of delistment. Though the number of  signatories that are US managers and institutional investors has swelled (though stills noticeably trails that of Europe), there has been a concern of a “set it and forget it” mentality. Investment managers are encouraged to review PRI guidance on compliance (especially the guidance intended for asset owners) and reach out to them to facilitate achievement.