Comprehensive consideration of systemic sustainability risks will require strengthened corporate disclosure requirements, clarifications of investor fiduciary duties, and better frameworks for effective stewardship. See further details below of PRI’s work supporting stronger sustainable finance policy in Australia.
Five policy and regulatory reforms could help investors pursue environmental and social goals, and two further measures should also be considered.
2021-11-24T16:20:00+00:00
Hosted by the PRI, the webinar will present the key findings from the Australian annex of the report “A Legal Framework for Impact”, which was authored by Freshfields Bruckhaus Deringer and commissioned by The Generation Foundation, PRI, and UNEP FI.
The PRI supports the SEC’s proposed rule and its efforts to ensure that funds’ names reflect their investments in the fund and address materially misleading or deceptive fund names. The PRI recommends that the SEC Define the term "characteristics" and clarify the expectations for funds on how to determine an investment focus with such characteristics.
The PRI recommends that SPS 530 should better reflect RSE licensee’s obligations to consider and mitigate material market-wide risks, particularly where sources of those risks stem from ESG-related issues. Additionally, the PRI recommends that explicit guidance be provided to RSE licensees in either SPS or SPG 530 on how they should consider and mitigate ESG-related risks at both the idiosyncratic and market-wide levels.
PRI recommended that APRA clarifies and strengthens the guidance on how climate change risks should be considered in investment governance frameworks and management of investments, and proposes a mechanism for transition to mandatory disclosure requirements.
Search our policy briefings
Search our policy consultations and letters
It is crucial that assessing and accounting for sustainability impact becomes a core part of investment activity. That’s why PRI, UNEP FI and The Generation Foundation are leading our work programme “A Legal Framework for Impact.”
Site powered by Webvision Cloud