We are now approaching the 2024 reporting cycle. To help signatories prepare for the start of reporting in May, we have published several key resources, including the Reporting Framework modules in PDF and DOCX format, explanatory reporting guidance and simplified logic.
These resources can be found on the Investor Reporting Framework webpage.
Below we share some of the key details about PRI reporting this year:
1. Reporting is evolving in 2024
2. Key features of reporting this year
3. Understanding the reporting cycle
Reporting is evolving in 2024
The investment reporting landscape has changed significantly in recent years, as have our signatories’ needs and challenges. To ensure that the PRI can maintain its signatory-centric approach while adapting to broader industry shifts, we also need to evolve our approach to reporting.
We are doing this by making reporting more flexible this year, while we determine its future direction in tandem with our work on developing the Progression Pathways for signatories to develop and progress their responsible investment practices in a more targeted way. We encourage signatories to participate and share their feedback through the Progression Pathways co-design process.
This year, reporting will be voluntary for most signatories that reported publicly in 2023. It will also continue to be voluntary for any signatory that joined the PRI last year and for whom 2024 is their grace period.
Reporting will be mandatory for signatories that:
- reported last year but did not meet the minimum requirements;
- joined in the last two years but did not complete voluntary reporting in 2023, or only completed it privately.
Like last year, signatories that are part of the Net Zero Asset Managers initiative can report on their commitments to the PRI or to CDP.
Reporting remains on hold for service provider signatories.
Key features of reporting this year
The content of the 2024 Reporting Framework has not changed significantly, reflecting our commitment to provide signatories with the stability they have told us they value. At the same time, we have introduced key features and improvements to enhance signatories’ reporting experience and ensure it is as seamless as possible:
- Pre-filling
Automated pre-filling will be in place for all signatories that reported in 2023, with circa. 97% of indicators in the Reporting Tool prepopulated. Signatories will need to check and confirm the information for accuracy in the tool before submitting their 2024 reports and will be able to make amendments to their answers where necessary.
- Stable content and assessment methodology
Around 90% of questions are unchanged from last year, with only 33 indicators updated or amended, largely to fix errors identified during the 2023 reporting cycle or to improve logic and clarity based on feedback from signatories.
This stability will also ensure that our reporting data is more comparable, enhancing the PRI’s ability to analyse and extract usable insights for signatories. Furthermore, we have not changed the assessment methodology, enabling better year-on-year comparison of signatories’ scores across modules and indicators.
- Net-zero integration
We have continued to integrate the reporting requirements of the Net-Zero Asset Managers Initiative and Net-Zero Asset Owners Alliance, updating indicators based on the third edition of the target-setting protocol.
- Platform improvements
Finally, we have made improvements to the reporting platform, such as making it more responsive to users, making the available guidance more obvious and visible and adding indicator numbers to the dashboard for module sections and sub-sections, enhancing performance, navigation and signatories’ overall user experience.
Understanding the reporting cycle
Signatories will have a 12-week period, from May until July, to submit their 2024 reports, and we will confirm the exact dates at least one month before the Reporting Tool opens.
We recommend that they start preparing for reporting as soon as possible, ahead of the reporting tool opening, using the available guidance, Reporting Framework module content and their 2023 Transparency Reports, if applicable.
Resources and support
Signatories can use the following updated resources to prepare for reporting:
We have also updated the various FAQs on the reporting process, the Reporting Framework and the minimum requirements.
In the coming weeks we will add to these, including updated thematic guidance, additional translations, a video and webinar – please check the R&A Updates pages for the latest information.
Signatories can get in touch with us at [email protected] if they need further support preparing for reporting.
