All Sustainable financial system articles – Page 2
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Blog postSupporting policy makers and regulators to build a sustainable financial system
By Margarita Pirovska, Head of Fiduciary Duty in the 21st Century, PRI, and Fiona Stewart, Lead Financial Sector Specialist, Finance, Competitiveness & Innovation, World Bank
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Thought leadership
How policy makers can implement reforms for a sustainable financial system
The PRI and the World Bank’s Financial Stability and Integrity Team are working to support government policy makers and regulators in implementing reforms to build a sustainable financial system. This toolkit provides a high-level overview of five foundational sustainable investment policies.
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Webinar
Investment Portfolio Risk for Insurance Companies: The CIO Perspective
In this session, you will hear directly from investment officers of two major Insurance firms on the unique challenges they face, potential increased regulatory scrutiny and how they plan to continue managing resilient and sustainable insurance investment portfolios.
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Webinar
Department of Labor’s Proposed Rule: Financial Factors in Selecting Plan Investments
This webinar will discuss the Department of Labor’s rule proposal entitled “Financial Factors in Selecting Plan Investments”, its potential impacts on ESG integration, and actions the PRI is taking and encourages signatories to take in response.
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Webinar
Germany’s Sustainable Finance Agenda
The German Government has initiated a strategy to make Germany a leading centre for sustainable finance in 2019 and initiated a sustainable finance committee to inform the strategy.
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Blog post
Engaging US policy makers to advance responsible investment
By Heather Slavkin Corzo, Head of US Policy, in Washington, DC
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Blog post
Three ways investors can support the Principles for Responsible Banking
By Will Martindale, Director of Policy and Research, the PRI
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Webinar
Introducing the Principles for Responsible Banking
This webinar introduces the Principles for Responsible Banking.
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Thought leadership
The shareholder voting process, ESG integration and proxy advice in the US
This briefing provides an update for signatories on legislative and regulatory proposals under discussion in the US regarding the shareholder voting process, ESG integration and the role of proxy advisory firms.
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Thought leadership
The shareholder voting process, ESG integration and proxy advice in the US: recommendations
Opponents to such legislative and regulatory efforts include the Council of Institutional Investors, the Consumer Federation of America, and public sector pension fund managers.
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Thought leadership
The shareholder voting process in the US: efforts to weaken ESG investing
In May, the Main Street Investors Coalition was created to lead advocacy efforts to weaken the influence of institutional investors
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Thought leadership
The shareholder voting process, ESG integration and proxy advice in the US: the role of H.R. 4015
H.R. 4015, the Corporate Governance Reform and Transparency Act, passed the House of Representatives on December 20, 2017, by a vote of 238 – 182. (Many of the provisions included in this bill were originally in the Financial CHOICE Act but excluded in the final version signed into law.)
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Thought leadership
SEC considering changes to shareholder voting process in the US
The publicly-stated purpose of the November roundtable is to hear from stakeholders on “whether the SEC’s proxy rules should be refined.”
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Thought leadership
Untangling the stakeholder chain: strategies and recommendations
Untangling the chain of stakeholder interests and incentives requires connecting the business objectives of plan sponsors with the growing demand for ESG incorporation by plan beneficiaries, while working within the fiduciary duty requirements of ERISA.
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Thought leadership
The ERISA stakeholder chain
The ERISA retirement system brings together distinct stakeholders with diverse incentives and objectives. These range from the plan sponsors to pension consultants to the investment managers, independent advice providers and, ultimately, the plan beneficiaries.
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Thought leadership
Shifting ERISA ESG policy: from collateral to integral
Unlike public pension plans, private-sector retirement plans (including both DC and DB plans) must maintain compliance with ERISA regulations, specifically the fiduciary requirements, when selecting investment options.
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Thought leadership
ERISA plans and ESG incorporation: trends in the US pension market
The overall trend in US private sector pension provision is one of risk transfer from corporate plan sponsors to the beneficiaries, with companies seeking to avoid the long-term pension liabilities inherent in the DB plan structure. Corporate DB plans are closing to new members and converting pension provision to defined ...
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Thought leadership
From marginal to mandatory: The evolution of ERISA fiduciary duty and ESG incorporation
The attitudes of ERISA plan sponsors toward the incorporation of ESG factors into their plans have followed stages that have reflected the PRI’s approach to the US market. Each stage has required distinct approaches, arguments and strategies.
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Thought leadership
Untangling stakeholders for broader impact: ERISA plans and ESG incorporation
The US accounts for the largest share of pension assets globally. Increasingly, US investors are incorporating ESG factors into their investment decisions.
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Thought leadership
Focusing on long-term investors in stock exchange innovation
While traditional stock exchange business models can pull revenue from diverse sources depending on the exchange, companies listing on the exchange are often considered the primary client. One disruption playing out in the United States concerns exchanges taking a deeper focus on the needs of institutional investors.
