Much existing regulation takes the fundamental features of the financial system as given.
Governments of 38 of the largest 50 economies in the world have, or are developing, disclosure requirements for corporations covering environmental, social and governance issues.
Pension fund regulation and stewardship codes are correlated to better company ESG risk management – though we can’t prove that regulation is responsible for the result.
On 7 March 2018, the European Commission released an action plan for financing sustainable growth. The plan is a response to recommendations from the High-Level Expert Group (HLEG) on Sustainable Finance, which were submitted to the Commission on 31 January 2018.
This review concludes that Australia’s current corporate disclosure legislation is compatible with the adoption of the TCFD recommendations.
The Global Policy Reference Group allows the PRI and our signatories' policy professionals to exchange information on policy and regulation in real time, including policy proceses, such as regulatory consultations, hearings and implementation.