PRI reveals members of stewardship working group

Exploring best practice and costs involved

The Principles for Responsible Investment (PRI) has formed a Stewardship Resourcing Technical Group to understand the key costs and resources involved in stewardship.

Formed of representatives from asset managers, pensions firms and data providers (full list below), the group has been created in conjunction with the Thinking Ahead Institute (TAI) to explore the challenges and barriers to allocating more to existing stewardship resources at firms, and create targets for future stewardship resourcing levels.

They will be tasked with an institutional benchmarking study to understand current processes, resources and costs including examples of best practices at asset owners and asset managers.

The findings will be presented in a guidance document made available to PRI signatories, which will include a proposed methodology of how to resource, measure, monitor and disclose on stewardship.

See also: – Stewardship must ensure last year’s asset manager commitments are met

Paul Chandler (pictured), director of stewardship at the PRI, commented: “We’re pleased to announce the members of our investor working group for our ongoing Stewardship Resourcing project today, which constitutes representatives from across the breadth of the industry. Robust and effective stewardship practices are of increasing importance for our signatories and will only be effective if resourced sufficiently.

“Our aim with this work is to develop an improved understanding of the existing resourcing of stewardship practices and analyse how this might need to evolve in light of investors’ sustainability commitments, client demands and regulatory expectations. Collaboration of this kind with our members and with key partners, including the TAI, is a key focus for us at PRI. We look forward to delivering the outputs of this work in due course.”

The project is expected to run until the end of 2023.

The working group members are:

Amanda JessopBBC Pension Trust Limited
Will MartindaleCardano and NOW: Pensions
James CorahCCLA Investment Management
Teni EkundareColumbia Threadneedle Investments
Tracy burton and Leila JosephCoronation Fund Managers
James Gifford and Arnaud ChattonCredit Suisse Group AG
Jessica ClavetteEquistone Partners Europe
Aldo BonatiEtica SGR
Ariel BabcockFidelity Investments
Kim FarrantHesta
Emma HuntHSBC Bank (UK) Pensions Trust
Zak MayIFM
Rachel HalpernJana Investment Advisors
Panagiota BalfousiaKieger AG
Franziska Jahn-MadellMFS Investment Management
Zanele MtshaliMSCI
Rhian JonesOwnership Capital
Ignacio Hernandez ValiñaniPensions Caixa 30 FP
Leanne ClementsPeople’s Partnership
Hanna RobertsSustainalytics
Hans-Christoph HirtUBS Asset Management
David RussellUSS
Beth PiskorowskiWellington Management Company


Natalie Kenway

Natalie is editor in chief at MA Financial covering ESG Clarity, Portfolio Adviser and International Adviser. She was previously global head of ESG insight for ESG Clarity and has been an investment journalist...