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

The PRI respond to a consultation from the FCA

Sustainable finance policy reform - building momentum in 2022_Hero

FCA sustainability disclosure requirements and investment labels

2022-01-07T14:36:00+00:00

The PRI respond to a consultation from the FCA that seeks initial views on new sustainability disclosure requirements (SDR) for asset managers and FCA-regulated asset owners, as well as a new classification and labelling system for sustainable investment products.

The PRI respond to a consultation from DWP

Why corporate pensions plans should mirror their sponsors cover

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

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

The PRI respond to a consultation from DWP on proposals on Paris-aligned climate reporting and investment stewardship for occupational pension schemes.

A letter to BEIS Secretary of State

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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 ...

FCA consultation

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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.

Further resources

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How government and investors can deliver net zero in the UK

[Region: UK] This briefing sets out the key policy priorities to put the UK on a trajectory to meet net zero emissions by 2050, and the role that investors can play. These priorities are consistent with a green recovery from the COVID-19 crisis.