The PRI Brazil network was established in 2008, and has been lead and chaired since its inception by PREVI. The network has been set up as a space where signatories can share information in Brazilian Portuguese on engagement activities, best practices and gain support for implementation of the Principles.
The PRI Brazil network has 60 signatories, with 18 asset owners, 28 asset managers and 14 service providers. The PRI asset owner signatories represent over 60% of the AUM of the local pension fund market. As there are no Sustainable Investment Forums or other relevant responsible investment forums in Brazil, the PRI Brazil Network acts as convener for the most important discussions taking place in the country and in the region as a whole. The local network has established long lasting relationships with industry bodies, including PRI Network Supporters ABRAAP (the pension fund association) and ABVCAP (the PE and VC association).
The PRI Brazil Network is in a unique position to gather like-minded investors and industry associations to drive the business case and agenda of responsible investment to a mainstream level.
Current working groups include:
- Recruitment and Awareness Working Group
Focused on raising awareness about the materiality of ESG issues to investment processes among asset owners, investment managers and service providers in the country, and on the recruitment of new signatories to the Principles.
- Engagement Working Group
Focused on engaging with local companies. The work of this group is crucial since legislation obliges pension funds in the country to invest majority of their assets in local equities.
- Investment Working Group
Focused on finding the most material ESG issues for investors in different sectors
- Investment Policy Working Group
Focused on assisting pension funds in writing their ESG investment policy.WORK STREAM MANAGER