Principles For Responsible Investment

Principles for Responsible Investment (PRI) is an industry leader in financial intermediation services (except insurance and pension funding). While direct absolute emissions data for PRI itself is not fully detailed in the provided information, their climate commitments are underscored by their broader advocacy and the reporting of entities within their sphere.

For the reporting year 2023, PRI reported a total of approximately 1.1 million kg CO2e. In 2022, the reported total emissions were approximately 114 million kg CO2e. Detailed breakdowns for Scope 1, 2, or 3 emissions were not explicitly provided for these years, with a note indicating missing data for "purchased goods and services" in Scope 3.

PRI's commitment to climate action is evident in the reduction targets associated with entities they influence. For instance, a target has been set for a 50% reduction in the carbon intensity of corporate debt and equity investments from 2019 to 2030, aligning with a pathway to Net Zero emissions by 2050. This target applies to all scopes. Other initiatives mention aspirations for achieving climate neutrality by 2025 and becoming climate positive by 2030, particularly noting the significant role of native forest management.

It is important to note that PRI's emissions data and targets reflect its role in the financial sector and its engagement with a wide range of organizations. The organisation's emissions data is not cascaded from a parent organisation.