PRI welcomes new European sustainability proposal

The Principles for Responsible Investment and its 54 undersigned signatories have issued a statement welcoming the European Commission’s proposal for a new Corporate Sustainability Reporting Directive (CSRD).

In a statement today, the international network of investors set out six key aspects it believes legislators should consider while creating the CSRD. The signatories represent about $9.2trn in assets under management and include Amundi, Legal & General Investment Management, Morgan Stanley Investment Management, and AXA IM. Organisations rush to join PRI with 270% increase in signatories The recommendations include expanding the scope of the CSRD to include non-listed small and medium-sized enterprises from ‘high-risk sectors' as it warns of "a risk to both investors and invest...