PRI at 20: The Future of Responsible Investing

As the PRI marks its 20th anniversary, responsible investment stands at a turning point. In an investment landscape that has grown more complex, what will it take to shape the next chapter of responsible investment?

Cambria Allen-Ratzlaff, Interim CEO of the PRI, is joined by Josselin Kalifa, CIO of Caisse des Dépôts Asset Management and Co-Chair of the Net Zero Asset Owner Alliance, and Anne-Marie Chidzero, CIO at FSD Africa Investments.Together, they explore why responsible investment is increasingly recognised as simply good investment, how emerging markets are shaping the future of sustainable finance, and how investors navigate a more complex and fragmented global landscape. 

From capital mobilisation and blended finance to technology, resilience and the next generation of investment leaders, the conversation looks ahead to what will make responsible investment more credible, more relevant and more effective over the next 20 years.

Detailed coverage:

Responsible investment is good investmentThe guests discuss how ESG considerations have become embedded within investment processes, with responsible investment increasingly viewed as applying sound judgement, managing long-term risks and identifying material drivers of value.

Emerging markets are shaping the futureAnne-Marie explains how African financial markets are developing their own responsible investment approaches, with growing pools of domestic capital helping finance solutions tailored to local economic, social and environmental priorities.

Maintaining credibility through financial materialityThe conversation explores why responsible investment must remain grounded in evidence, financial relevance and measurable outcomes rather than ideology, particularly in an increasingly fragmented political environment.

Mobilising capital for sustainable growthExamples from African capital markets demonstrate how collaboration between development finance institutions, private investors and local markets can unlock innovative financing solutions for water, energy and natural capital.

The role of stewardship and asset ownersJosselin reflects on how asset owners can influence long-term outcomes through investment decisions, manager selection, voting and ongoing engagement with portfolio companies.

Technology, resilience and the future of financeThe guests discuss the growing importance of digital resilience, AI, data quality and stronger financial infrastructure in supporting sustainable economic development.

A multidisciplinary futureThe episode concludes by encouraging the next generation of investment professionals to combine financial expertise with disciplines such as climate science, technology, geopolitics and demography to navigate an increasingly complex investment landscape.

Chapters:

00:00 – Introduction: 20 years of the PRI and responsible investment04:12 – Why responsible investment is now simply good investment06:43 – Emerging markets and Africa's growing influence10:27 – Remaining credible in a changing global landscape16:16 – Financing inclusive growth and resilient economies19:43 – The role of asset owners and stewardship24:21 – Technology, innovation and deepening capital markets27:38 – Partnerships to mobilise sustainable finance30:27 – Advice for the next generation of investors33:10 – Final reflections on the next 20 years of responsible investment

Disclaimer:

This podcast and material referenced herein is provided for information only. It is not intended to be investment, legal, tax or other advice, nor is it intende