what are the un principles for responsible investment pri 
the un principles for responsible investment pri is an international organization that works to promote the incorporation of environmental social and corporate governance factors esg into investment decision making launched in april 2006 with support from the united nations un the pri has over 4 900 participating financial institutions as of march 31 2021 these institutions participate by becoming signatories to the pri s six key principles and then filing regular reports on their progress 1understanding the un principles for responsible investment pri they core philosophy behind the organization is that environmental and social considerations are relevant factors in investment decision making and should therefore be considered by responsible investors for example supporters of the pri argue that it is both financially and ethically irresponsible to not consider the environmental impact of a company when assessing its merits as an investment by contrast many investors have historically viewed environmental and social impacts as negative externalities which can be ignored for purposes of investment decisions to combat this long prevailing attitude the pri put forward six core principles to which signatory companies must agree to commit themselves as expressed on the organization s website these six principles are as follows 3collectively the organizations that have become signatories to these six principles are responsible for a total assets under management aum of over 121 trillion 2 this includes many prominent founding signatories who helped launch the program such as the norwegian government pension fund the government pension fund of thailand the canada pension plan investment board and the california public employees retirement system calpers 4example of the un principles for responsible investment pri standard life is a financial services company that was acquired by manulife in 2015 standard life a pri signatory uses esg factors to assess emerging risks and opportunities in the automobile supply chain particularly as it relates to new anti pollution legislation being considered by the european union eu 5after analyzing the potential impact of this new legislation on various automakers and parts suppliers the company decided to make adjustments to their investments in that sector and also updated their valuation estimate of the lithium ion battery manufacturer lg chem this upward adjustment was due in part to their belief that the increased emission standards would accelerate the transition toward electric vehicles and create an increased demand for batteries worldwide 6