Signatories to the United Nations Principles for Responsible Investment (PRI) will have to pay an annual fee to the secretariat from this month as the organisation embarks on a plan to increase its presence in markets around the world and provide guidance on ESG reporting into new asset classes.
The fees run on a sliding scale based on assets under management for asset owners/managers and number of employees for professional service providers and top out at £6,600 (AU$ 10,292) for AUM of more than US$10bn (AU$9.5bn). Since its 2006 founding, PRI has been funded with voluntary fees from signatories.
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