The Public Investment Corporation (PIC) welcomes the recognition by the Responsible Asset Allocator Initiative (RAAI) for responsible investing, whose 2021 survey ranked the PIC amongst the top 30 global sovereign wealth funds and asset managers for their responsible investment practices.
The annual survey acknowledges the PIC’s commitment to incorporate ESG principles – Environmental-, Social impact and Governance – into all its investment decisions. The PIC is a signatory of both the United Nations Principles for Responsible Investments (UNPRI) and the United Nations Global Compact (UNGC), it subscribes to the Code for Responsible Investment in South Africa (CRISA) and applies the King IV codes on good governance.
The PIC requires all investee companies to consider the UN Sustainable Development Goals (SDGs), including good corporate governance, ethics and the social and environmental impact of their business decisions and operations.
ESG teams delve into the core of investee company controls, its sustainability strategy, its social responsibility intent, transformation, empowerment and, ultimately, its commitment to all stakeholders. This informs the PIC’s investment decisions and how it votes on proposals (including on executive remuneration, transformation and top management appointments) at the Annual General Meetings of investee companies.
The RAAI released its 2021 Leaders List which is available at
The annual RAAI study, is developed in partnership with the Fletcher School at Tufts University in the US, and in 2021 rated and ranked 251 asset allocators from 63 countries with assets of US$26 trillion.
Issued by PIC Corporate Affairs