Arleta Majoch, Andreas Hoepner, and Tessa Hebb have a new article out (Sources of stakeholder salience in the RI movement: Why do investors sign the principles for responsible investment?) that is being featured in the most recent installment of .
Signing the six Principles for Responsible Investment聽(PRI) expresses commitment to becoming a responsible聽investor, but beyond that it means different things to聽different organisations. Some have only just made the聽decision to move towards more responsible investing,聽while others are already integrating environmental, social聽and governance (ESG) issues into every asset class. In this聽empirical paper, Majoch et al. examine the stakeholder聽relationship between the PRI and investor signatories,聽how it has changed over time, and how it varies between聽different types of investor. The findings highlight pragmatic聽legitimacy, organisational legitimacy, power attributes and聽management values as the factors having the most impact聽on why investors sign up to the PRI. 聽(scroll to page 11).