In August 2023, PRF adopted a total impact approach, looking at ways we could create impact across the whole balance sheet, in addition to our grant making.
The development of a new Investment Policy Statement included core commitments to responsible investing including establishing Impact Objectives; negative screens; impact risk analysis; stewardship; fund manager selection; and reporting.
Working with fund manager Koda Capital, we set about uncovering more detail about where the investments in PRF's endowment portfolio ultimately sit to ensure they align to PRF's charitable purpose.
This Responsible Investment Report measures how we're tracking.
Completing this work led to the development of a Transition Policy to guide our apporach when, from time-to-time, PRF may hold investments that are not aligned to our total impact approach.
