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.
The PRI Regulation Map, covering 300 policy tools or market-led initiatives, indicates the nature of each rule, the year of implementation, the authority responsible, whether the measure is voluntary or mandatory and if it addresses ESG issues in isolation or in combination.
The PRI and Baker McKenzie undertook a review during mid-2017 of how the TCFD’s voluntary recommendations integrate into existing regulation and soft law in Brazil, Canada, the EU, Japan, the United Kingdom and the USA.
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.