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PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment


SG 09. Collaborative organisations / initiatives

09.1. 報告年度に組織がメンバーであったり、参加していた協働組織やイニシアチブ、ならびにそこで組織が果たした役割のレベルを選択してください。




Primary is still working to establish the most practical and effective way for an organisation of our size to engage and be involved.

SG 09.2. Assets managed by PRI signatories (Not Applicable)

SG 10. Promoting RI independently

10.1. 組織が、協働的イニシアチブとは別に、独自に責任投資を推進しているかどうかについて記載して下さい。

10.2. 組織が協働的イニシアチブとは別に、独自に責任投資を推進するために行っているものを明示して下さい。選択した行動の目的に貢献するために組織が果たす役割と通常の行動頻度について説明して下さい。


          Primary provides annual training for entire company by external experts.  Primary also requires portfolio companies to provide appropriate training for staff, taking into account the specific risks and opportunities relevant to each company and its industry specific characteristics.


10.3. 組織が責任投資の推進のために、報告年度中に参加した追加の活動およびイニシアチブがあれば、それらを記載して下さい。[任意]

Pre-investment we commit to integrate ESG and ethical issues into our due diligence process by developing investment analysis criteria including an identification of the ESG risks and opportunities and any related financial impacts. We also adopt, based on our values and principles and those of our Limited Partners, an ESG-related exclusion policy with regard to certain industries; currently we will not invest in the armament and tobacco industries. In addition, we ensure through legal documentation that portfolio companies disclose any non-compliance with ESG-related laws and regulations of which they are aware and adopt appropriate external standards or codes.                  

Post-investment we engage with our investee companies and establish appropriate ESG policies and practices consistent with our RI policy, initially through the 100 day plan particularly where there is serious regulatory non-compliance that constitutes a significant immediate business risk. We expect all our investments to respond to a minimum set of ESG-related questions as part of the due diligence process. We assign accountability for ESG responsibilities to senior managers at the portfolio company who are responsible for compliance with those principles and must report at Board level monthly. We continue to monitor ESG issues in portfolio companies to provide any updates and report on whether any new significant or material issue have arisen and to encourage the managers of investee businesses to achieve continuous improvements in those areas. In this regard, we assist portfolio companies in maintaining awareness of trends in consumer and investor preferences, regulation, technology and environmental thinking.

We have also historically commissioned high level reviews of investments from Ethical Investment Research Services (EIRIS) Limited, an independent global provider of research and consultancy into ESG and ethical performance of companies. EIRIS identified the key ESG issues which relate to the investments and consulted with the investment team and management on how risks and opportunities are being identified and managed. 

SG 11. Dialogue with public policy makers or standard setters (Private)