Responsible Future Investments: Summarize the findings of the Responsible Investment Asset Owner Coalition and wider project, convened by PRI

The future ofresponsible Summary of findings from the Future ofResponsible Investing Asset Owner Group Contents About this paperExecutive summaryThe current context for asset ownersThe purpose of responsible investingResponsible investing and the role of asset ownersThe core purpose of responsible investingFeatures of responsible investment in the futureThematic and structural priorities for asset ownersA dynamic process for identifying priorities and actionsThe role of asset ownersThe levers of changeEnabling more effective asset owner actionThe PRI as an enabler of effective responsible investmentAmplify asset owner voicesFacilitate purposeful conveningEngage policy makers with transparency and intentionSupport investor education and capacity buildingSupport stewardship and multi-stakeholder engagementStrengthen the responsible investment ecosystemConsidering the PRI’s six PrinciplesAppendix A: the Future of Responsible Investing Asset Owners Group(FoRI) members345666789101011121212121313131314 Disclaimer: This document is provided for information only. It should not be construed as advice, norrelied upon. PRI Association is not responsible for any decision or action taken basedon this document or for any loss or damage arising from such decision or action. Allinformation is provided “as-is” with no guarantee of completeness, accuracy or timelinessand without warranty of any kind, expressed or implied. PRI Association is not responsiblefor and does not endorse third-party content, websites or resources included or referenced About this paper In 2026, the PRI will not only celebrate its 20th anniversary butwill also develop its strategy for the 2027–2030 period. In thispivotal year, the PRI will continue to consult widely on the future ofresponsible investing as part of its strategy development process, In answering those questions, the group formed views on the purposeof responsible investment for asset owners and on thematic andstructural priorities. Throughout this process, the FoRI group soughtto reflect the full range of asset owner perspectives (not just those of Between August and September 2025, the initial findings from theFoRI workshops were tested with a broader group of partners andkey stakeholders across a range of geographies. The consultationincluded 31 interviews with asset owners, investment managers, serviceproviders and other investment ecosystem stakeholders from aroundthe world, and two workshops with the PRI’sSustainable Systems The purpose of the FoRI group was to enhance dialogue betweenasset owners and the PRI on present-day barriers and challenges toresponsible investing, and to ideate innovative solutions and prioritiesthat could shape the field for the next 20 years. Sitting at the top ofthe investment chain, asset owners are ideally positioned to define The group’s initial discussions built on synthesized views gatheredfrom interviews with over 50 signatories, including founding signatoriesand other asset owners and investment managers, conducted by the The FoRI group’s thinking was further tested through discussion ofsimilar themes and issues at the Global Asset Owner Forum at PRI in Between April and June 2025, the FoRI group participated in threeinteractive workshops and shared additional views and reflections This paper summarises the final conclusions of these efforts. It reflectsthe PRI’s understanding of the key conclusions and recommendationsof the FoRI project, which in total incorporated insights from 120organisations. Some of the recommendations relate to areas wherethe PRI is already acting, highlighting opportunities for the PRI to better The group’s discussion focused on two questions: 1What does the future of responsibleinvestment look like? 2How should the PRI respond to support asset Thank you to Chronos Sustainabilityfor their support in preparation of Executive summary Fulfilling this duty requires asset owners to understand and adapt toevolving political, economic, social, environmental and technologicalcontexts. These contexts and the world in which asset owners operatehave profoundly changed in the twenty years since the PRI’s founding. Ambitions for the future The Future of Responsible Investing (FoRI) Project crystallised twoambitions asset owners want the PRI and the investment chain to Ambition 1: Responsible investing becomes all investing. Actions for asset owners Responsible investment will become a baseline practice for all assetowner and investment manager activity globally. As a result of actionover the past 20 years, practices such as integrating sustainabilityand governance-related factors into investment decision-makingand stewardship are already widely adopted across the investment Given the context and purpose of responsible investment today,prudent and diligent asset owners will need to respond to thematicand structural challenges using tools including capital allocationstrategies, engagement approaches and field-b