UK policy

The UK government has set out its commitment to be the world’s first net zero financial centre. The PRI UK policy team engages with UK policymakers, alongside and with the support of signatories, to ensure this high ambition is maintained.

In 2022 the UK will continue to push forward with a package of consultations and reforms under the Sustainable Disclosures Requirements (SDR) and the development of the UK Green Taxonomy - a tool to help investors understand whether an economic activity is environmentally sustainable, and to navigate the transition to a low-carbon economy. The UK policy team works on both of these priorities, as well as stewardship, real economy climate issue and building on the findings of the flagship A Legal Framework for Impact report, to guide policy recommendations to better integrate sustainability impacts into UK financial legislation. See further below for PRI’s resources on UK sustainable finance policy work.

Key publications

UK: Integrating sustainability goals across the investment industry

2022-10-11T07:30:00+01:00

Reconciling energy security with net zero commitments (UK)

2022-06-17T15:40:00+01:00

How government and investors can deliver net zero in the UK

2020-06-09T10:31:00+01:00

Department for work and pensions (DWP) climate and investment reporting: setting expectations and empowering savers

2022-01-06T14:48:00+00:00

Letter from IIGCC, PRI and UKSIF on green taxonomy

21 June 2022

Call for evidence

PRI's response to a call for evidence by BEIS on the government's approach to delivering its net zero target.

The PRI welcomes the opportunity to respond and makes recommendations showcasing the ability of net zero targets to deliver maximum economic growth and investment, and to support UK energy security and affordability.

See response

Green Finance Strategy

The PRI responded to a call for evidence by HM Government to support the update to the Green Finance Strategy. The call for evidence seeks views around four objectives; capturing the opportunity of green finance; mobilising finance for the UK’s energy security, climate and environmental objectives; greening the financial system; and leading internationally.

See response

Transition Plan Taskforce

The PRI welcomes the opportunity to respond to the Transition Plan Taskforce’s call for evidence on a Sector-Neutral Framework for private sector transition plans. This call for evidence seeks views on the draft principles used to guide a credible transition plan, the elements that a Sector-Neutral Framework should include, and overall aims to drive transition plans by developing clear expectations and creating a standard.

See response

Further resources

A dive into the FCA’s proposed Sustainability Disclosure Requirements and investment labels
2023-01-12T15:51:00+00:00
By Louisa Guy, UK Policy Analyst, PRI
FCA consultation - UK primary markets effectiveness review
2021-09-14T15:41:00+01:00
The PRI respond to a consultation from the FCA on a series of proposed reforms to improve the effectiveness of UK primary markets and how it might continue to develop to ensure they remain competitive and dynamic.
A letter to BEIS Secretary of State in opposition to proceed with the Cambo oil field
2021-12-06T15:25:00+00:00
I write to call on the UK government to reject the Cambo oil field in the North Sea, and to prevent any further investment and licenses for new oil and gas fields in the UK Continental Shelf. To support the development of a new oil field is inconsistent with the ...

Policy reports
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Consultations and letters
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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.”