Policy reports 2021

Policy reports

Region  Month Briefing  PRI briefing 

EU

July

Private Finance and Green Recovery in the EU – Survey and Roundtable findings

Throughout 2020, the PRI ran a survey and organised a roundtable to explore investors’ perception of the EU Recovery Package. This paper summarises the key findings. It aims to contribute to the successful implementation of the recovery package and suggests ways to maximise the contribution of private finance.


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Canada

July

PRI support for Bill S-216, Act to enact the Modern Slavery Act and to amend the Customs Tariff

The Principles for Responsible Investment (PRI) welcomes the Bill S-216, Act to enact the Modern Slavery Act and to amend the Customs Tariff and the current study of the bill by the Standing Senate Committee on Banking, Trade and Commerce. In order to align the act with international standards and emerging regulation in other jurisdictions, the PRI recommends four alterations to the bill that are crucial for institutional investors to avoid subjecting them and their portfolio companies to deviating national standards.


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EU

June

Strengthening Stewardship in the EU

The 2018 EU Sustainable Finance Action Plan (SFAP) put Europe on the map as a global leader in sustainable finance. It raised the EU’s ambitions, placing strong emphasis on increasing capital allocations to sustainable companies and activities. However, the crucial lever of stewardship was largely absent from the SFAP. The EU’s upcoming Renewed Sustainable Finance Strategy scheduled to be launched early July offers a significant opportunity to accelerate ambition on stewardship and to provide concrete guidelines for investors to connect this critical missing link. This position paper outlines 5 key recommendations for more effective EU Stewardship policy.


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EU

June

EU Sustainable Finance Taxonomy

The regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment (the EU Taxonomy) sets disclosure requirements for financial market participants offering financial products within the EU, and undertakings who are already required to provide non-financial statement under the Non-Financial Reporting Directive. This updated briefing incorporates the Taxonomy climate delegated act published 21 April 2021, looks at next steps in Taxonomy development and disclosure requirements, and provides a basic overview of the Taxonomy main features.


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Global

April

Policy briefing: The road to COP26

A significant acceleration of action is needed to if we are to meet the Paris Agreement goals. This PRI briefing provides recommendations for policymakers to support ambitious commitments and take decisive action at COP26 to deliver the needed emissions cuts this decade and a net-zero economy by 2050.


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EU

April

EU Regulation on sustainability-related disclosures in the financial services sector

The regulation (EU) 2019/2088 (Sustainability Disclosures Regulation) introduces new requirements and clarifies the sustainability-related disclosure obligations in the financial services sector. This updated briefing explains the reporting requirements under the regulation and draft Regulatory Technical Standards, published in February 2021.


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Global

March

Sustainable Finance Policy: the role of G7 and G20

The PRI recommends to host governments of G7 and G20 to commit to policy reforms that align financial regulatory frameworks with sustainability goals, and embed sustainable finance discussions at the core of finance ministers meetings.


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US

March

U.S. Policy Briefing: Considerations for U.S. Regulators to Enhance Investors' Abilities to Identify, Assess and Take Action on ESG-related Risks and Opportunities​.

This briefing outlines several broad policy objectives and identifies actions federal financial regulators and lawmakers in the United States can take to revise the U.S. regulatory regime to better promote the integration of environmental, social and governance (ESG) factors into investment practice and decision-making.


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Japan

February

Delivering net zero emissions in Japan

This briefing sets out key policy priorities to set Japan on a pathway to achieve a net zero emissions economy; and to do so in a way that is economically, politically and technologically achievable and ultimately beneficial. It is based on research from PRI’s Inevitable Policy Response project.


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US

January

PRI 2021 US Policy Priorities

The PRI’s 2021 policy priorities focus on six areas we see as actionable and achievable to support greater adoption of the Principles and advancement of sustainable finance.


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Global

January

PRI discussion paper on TCFD forward-looking metrics consultation

This paper looks at the TCFD consultation on forward-looking metrics for financial institutions and makes some recommendations for how the Taskforce may look to develop its guidance.


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China

January

Delivering carbon neutrality in China

This briefing sets out key policy priorities to set China on a pathway to deliver carbon neutrality; and to do so in a way that is economically, politically and technologically achievable and ultimately beneficial. It is based on research from PRI’s Inevitable Policy Response project.


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