ABSTRACT
The recent growth of the corporate social responsibility (CSR) and Socially Responsible Investment (SRI) movements, along with multilateral institutional, government and NGO coordination across the globe, are now raising and responding to many of the value-based problems that the global economy currently confronts. For companies and other agents in the world economy, especially when the single-value approach reigns, seeing and responding to the climate change crisis in appropriate and responsible ways that recognise the many non-financial values at stake is especially difficult. The United Nations Environment Program Finance Initiative (UNEP-FI) and UN Global Compact, a set of guiding principles for responsible investment (PRI) has been formulated with the intention of mainstreaming' SRI investment globally, starting with large institutional investors in major developed-world markets. The PRI principles are framed in terms of the environmental, social and governance (ESG) responsibilities of companies in which institutional funds choose to invest.
