Close menu
- Home
- About us
- Signatories
- News & events
- Investment tools
-
Sustainability issues
- Back to parent navigation item
- Sustainability issues
-
Environmental, social and governance issues
- Back to parent navigation item
- Environmental, social and governance issues
- Environmental issues
-
Social issues
- Back to parent navigation item
- Social issues
- Social issues - case studies
- Social issues - podcasts
- Social issues - webinars
- Social issues - blogs
- Cobalt and the extractives industry
- Clothing and Apparel Supply Chain
- Human rights
- Human rights - case studies
- Modern Slavery and Labour Rights
- Covid-19
- Just transition
- Governance issues
- Climate change
- Accounting for climate change
- Sustainability outcomes
- Sustainable Markets
- Research
-
Policy
- Back to parent navigation item
- Policy
- Our policy approach
- Policy engagement handbook
- Policy reports
- Consultations and letters
- A Legal Framework for Impact
- Fiduciary duty
- Policy toolkit
- Regulation database
- Global Policy
- Australia policy
- Canada Policy
- China policy
- EU policy
- Japan policy
- UK policy
- US policy
Australia policy
Australia’s financial sector is increasingly attuned to the urgent sustainability risks threatening the strength and stability of the country’s economy. To keep pace with industry expectations and global developments, Australian policy and regulatory frameworks will need to evolve to meet these challenges.
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.
Key publications
Australia: Integrating sustainability goals across the investment industry
Five policy and regulatory reforms could help investors pursue environmental and social goals, and two further measures should also be considered.
A Legal Framework for Impact AUS: Can Investors Pursue Sustainability Outcomes?
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.
Latest Consultations
Implementing ISSB’s standards in Australia
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.
Addressing system-level risks in investment governance standards
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.
Response to APRA’s guidance on climate change financial risk
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.
Further resources
Policy reports
Search our policy briefings
Consultations and letters
Search our policy consultations and letters
A Legal Framework for Impact
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.”
- The PRI is an investor initiative in partnership with UNEP Finance Initiative and UN Global Compact.
- PRI Association, 25 Camperdown Street, London, E1 8DZ, UK
- Company no: 7207947
- +44 (0)20 3714 3141
- info@unpri.org
-
PRI DISCLAIMER
The information contained on this website is meant for the purposes of information only and is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. All content is provided with the understanding that the authors and publishers are not providing advice on legal, economic, investment or other professional issues and services. PRI Association is not responsible for the content of websites and information resources that may be referenced. The access provided to these sites or the provision of such information resources does not constitute an endorsement by PRI Association of the information contained therein. PRI Association is not responsible for any errors or omissions, for any decision made or action taken based on information on this website or for any loss or damage arising from or caused by such decision or action. All information is provided “as-is” with no guarantee of completeness, accuracy or timeliness, or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied.
Content authored by PRI Association
For content authored by PRI Association, except where expressly stated otherwise, the opinions, recommendations, findings, interpretations and conclusions expressed are those of PRI Association alone, and do not necessarily represent the views of any contributors or any signatories to the Principles for Responsible Investment (individually or as a whole). It should not be inferred that any other organisation referenced endorses or agrees with any conclusions set out. The inclusion of company examples does not in any way constitute an endorsement of these organisations by PRI Association or the signatories to the Principles for Responsible Investment. While we have endeavoured to ensure that information has been obtained from reliable and up-to-date sources, the changing nature of statistics, laws, rules and regulations may result in delays, omissions or inaccuracies in information.
Content authored by third parties
The accuracy of any content provided by an external contributor remains the responsibility of such external contributor. The views expressed in any content provided by external contributors are those of the external contributor(s) alone, and are neither endorsed by, nor necessarily correspond with, the views of PRI Association or any signatories to the Principles for Responsible Investment other than the external contributor(s) named as authors.
Site powered by Webvision Cloud