The Policy team provides tools and insight to international standard setters, signatories and policy makers to advance progress towards a regulatory and investment environment consistent with the six Principles.
REGULATION, POLICY FRAMEWORKS AND COLLABORATION
current Policy consultations
|Region||Country||Deadline||Policy maker/regulator||Collaboration Platform link|
|Europe||UK||28 February 2018||The Financial Reporting Council (FRC)||More details here|
|Europe||UK||4 January 2018||The Department for Business, Energy & Industrial Strategy (BEIS)||More details here|
|North America||US||4 December 2017||Financial Accounting Standards Board||More details here|
Past policy consultations
|Region||Country||Year||Policy maker/regulator||Consultation response||Description|
|Africa||South Africa||2016||Institute of Directors South Africa||Consultation on King Code sector supplements: Retirement funds||The PRI recommends clarification of fiduciary duty, ESG and good pension fund governance|
|Africa||South Africa||2016||Institute of Directors South Africa||Revision of the King Code||The PRI recommends the IoD strengthen corporate governance requirements|
|Asia||Hong Kong||2015||Securities and Futures Commission (SFC)||Principles of Responsible Ownership||The PRI supports the introduction of the Principles|
|Asia||Japan||2017||Tokyo Stock Exchange||English language survey||The PRI recommends Japan Stock Exchange Group develop an ESG reporting guide for issuers|
|Asia||Japan||2015||Financial Services Agency (FSA)||Corporate Governance Code||The PRI supports the introduction of the corporate governance code|
|Asia||Singapore||2016||Singapore Stock Exchange||Consultation on sustainability reporting||The PRI recommends ESG disclosure is included in annual reports|
|Australasia||Australia||2016||Senator Fraser||Fraser review||The PRI recommends competence and professionalism on ESG integration is a core element of any ensuing code|
|Europe||European Commission||2017||Financial Stability, Financial Services and Capital Markets Union (FISMA)||Mid-term review of the Capital Markets Union||The PRI welcomes the Commission's commitment to sustainable finance|
|Europe||European Commission||2016||Financial Stability, Financial Services and Capital Markets Union (FISMA)||Revision of the Institutions for Occupational Retirement Provision Directive||The PRI supports implementation of ESG disclosure requirements for occupational pension funds|
|Europe||European Commission||2016||Justice||Analysis the state of the market for long-term, sustainable investment across the EU||The PRI recommends that the European Commission develop and publish an action plan to remove barriers to long-term, sustainable investment|
|Europe||European Commission||2016||ECON Committee||Corporate tax disclosure||The PRI recommends the Commission adopt the recommendations of the PRI's corporate tax working group|
|Europe||Germany||2016||Regierungskommission||Deutscher Corporate Governance Kodex (German Corporate Governance Code)||The PRI recommends clear terminology and improvements in ESG disclosure|
|EU consultation on Investor Duties||The PRI welcomes the opportunity to comment on the EU’s public consultation on investors and asset managers’ duties regarding sustainability|
|Europe||UK||2018||UK Parliament Environment Audit Committee||Green Finance Inquiry||Recommendations for how greening financial flows could help deliver the UK Clean Growth Strategy|
|Europe||UK||2018||UK Parliament Work and Pensions Committee||Response to work and pensions committee inquiry on "defined ambition" pension proposals||The PRI welcomes the opportunity to contribute evidence for consideration in the government’s proposed formulation of Collective Defined Contribution (CDC) pension funds.|
|Europe||UK||2017||Financial Reporting Council (FRC)||Consultation on Non-Financial Reporting Guidance||The PRI recommends the FRC endorse the FSB TCFD recommendations and integrate the TCFD recommendations into the guidance on the strategic report|
|Europe||UK||2017||Financial Conduct Authority (FCA)||(1) Consultation on the interim findings of the asset management market study||The PRI recomends the FCA pay substantially more attention to Authorised Fund Manager incorporation of ESG issues|
|Europe||UK||2017||Department for Business, Energy and Industrial Strategy (BEIS)||Corporate Governance Reform Green Paper||The PRI recommends the government strengthen the employee, customer and wider stakeholder voice|
|Europe||UK||2017||Law Commission||Defined contribution pension funds and social investment||The PRI recommends guidance on 'serious financial detriment'|
|Europe||UK||2016||The Pensions Regulator (TPR)||21st Century Trusteeship and Governance||The PRI recommends TPR promote better governance of ESG risks and opportunities|
|Europe||UK||2016||Department for Business, Innovation and Skills||Non-Financial Reporting Consultation||The PRI recommends the government recognise material non-financial disclosures in line with financial information.|
|Europe||UK||2016||Minister for Women||Gender pay gap reporting||The PRI recommends greater transparency on workplace gender equality|
|Europe||UK||2015||Department for Work and Pensions||Investment Regulations||The PRI recommends the DWP clarify ESG requirements of pension funds|
|Multilateral||N/A||2017||FSB||TCFD: Phase 2 consultation||The PRI supports the development of internationally-relevant climate disclosure advice to help investors take action.|
|Multilateral||N/A||2016||UNFCCC||Roadmap for global climate action||The PRI supports the role of "high-level champions" for climate action|
|Multilateral||N/A||2016||FSB||TCFD: Phase 1 consultation||The PRI supports the development of internationally-relevant climate disclosure advice to help investors take action.|
|North America||Canada||2017||Canada Department of Finance||Potential measures to support a strong and growing economy||The PRI recommends the department pays more attention to the incorporaion of ESG issues across its policy programme|
|North America||Canada||2017||Ontario Securities Commission||2017 - 2018 Draft statement of priorities||The PRI recommends ESG disclosure to enhance the framework for corporate reporting|
|North America||Canada||2017||Canadian Securities Administrators (CSA)||Climate Disclosure Review||The PRI recommends the CSA endorse the FSB TCFD|
|North America||Canada||2017||Government of Alberta||Alberta Business Corporations Act (ABCA)||The PRI recommends the government extend the right to file shareholder proposals|
|North America||US||2017||House Committee on Financial Services||Financial Choice Act Rule 14a-8||The PRI recommends the act is withdrawn|
|North America||US||2017||House Committee on Financial Services||H.R.4015 - Corporate Governance Reform and Transparency Act of 2017||The PRI strongly opposes this bill|
|North America||US||2017||Financial Accounting Standards Boards||Proposed Accounting Standards Update to Income Taxes (topic 740)||
The PRI supports FASB’s proposed disclosure of disaggregated information on taxes and encourages consideration of additional reporting requirements that would enhance tax transparency.
|North America||US||2016||Department of Labor||EBSA RIN 1210-AB63: Annual Reporting and Disclosure||The PRI recommends the department improve governance and transparency of employee benefit plans, including disclosure of ESG factors|
|North America||US||2016||Securities and Exchange Commission (SEC)||Business and Finance Disclosure Requirements in Regulation S-K||The PRI recommends the SEC improve corporate ESG disclosure requirements|
|North America||US||2016||House Committee on Financial Services||H.R. 5311||The PRI recommends the bill is withdrawn|
|South America||Brazil||2016||BOVESPA||Corporate Governance Review||The PRI recommends BOVESPA strengthen the governance requirements of the Novo Mercado|
|South America||Brazil||2016||The Association of Capital Market Investors (AMEC)||Stewardship Code Consultation||The PRI recommends AMEC establish a stewardship culture in Brazil|
The Global Policy Reference Group allows the PRI and policy professionals of our signatories to exchange information on policy and regulation in real time, including policy proceses, such as regulatory consultations, hearings and implementation. Members of the group can be found here.
RESEARCH AND REPORTS
THE CASE FOR INVESTOR ENGAGEMENT IN PUBLIC POLICY
Based on interviews with an international group of investors, The case for investor engagement in public policy analyses how investors can effectively engage with policymakers. It proposes a five-step approach to better integrate investor perspectives on ESG factors into the public policymaking process.
Click here for the PRI’s governance on public communications policy.
How asset owners can drive responsible investment
In March 2016, the PRI published How asset owners can drive responsible investment, demonstrating how asset owners can contribute to the implementation of responsible investment at scale and depth, creating a multiplier effect through the investment chain. Weak implementation of responsible investment by asset owners sends signals to the investment market that it is not a priority, limiting investment consultant and manager willingness to focus on it in their strategies and advice.
The report sets out a seven-step plan, enabling asset owners to ensure they have the governance processes in place to reflect their investment beliefs and strategies, and to implement them in contracts with investment managers.
Subscribe to the PRI's policy briefing
For any questions, please contact firstname.lastname@example.org.
MEET THE POLICY TEAM:
Will Martindale, Head of Policy
Will joined the PRI in February 2014. He leads PRI’s global regulatory affairs and public policy programme, our flagship fiduciary duty project and the implementation of PRI’s sustainable financial system activities in national policy reform.
Previously Will worked for Oxfam advising on financial sector policy. He has a background in banking, joining JPMorgan's graduate programme in June 2004. In September 2010, Will joined French bank, BNP Paribas, as a business manager for their credit trading desk.
Will holds a MSC in Comparative Politics from the London School of Economics and a BSC in Maths from King’s College London.
Morgan Slebos, Head of Sustainable Financial System Programme
Morgan joined the PRI in July 2016. He is responsible for the PRI’s work on a sustainable financial system.
Morgan has previously held a range of policy roles in the financial sector, including policy manager for resource and environment issues at the Institute and Faculty of Actuaries and as a policy advisor at the Association of British Insurers. He started his career at the New Zealand Treasury, working in areas such as international economic policy and fiscal strategy and management.
He holds an MA in Political Studies and BCom in International Trade from the University of Auckland.
Alyssa Heath, Senior Policy Analyst
Alyssa joined the PRI in July 2013.
Before joining the PRI, Alyssa worked at CDP (formerly Carbon Disclosure Project). She started her career at the Energy Saving Trust, the UK’s domestic energy agency, working with local councils, in particular on attracting private investment into domestic energy retrofitting.
Alyssa holds a BA in Physics (Mansfield College, University of Oxford) and an MSc in Atmospheric, Oceanic and Climate Physics (University of Reading).
Edward Baker, Senior Policy Advisor, Climate and Energy Transition
Edward joined PRI in August 2017. He is responsible for a range of investor and regulator engagements on climate change.
Previously, he was the UK Foreign & Commonwealth Office’s lead for green finance in China. Edward designed bespoke UK – China collaborations on green bond market development, low carbon indices, climate risk, carbon disclosure, green infrastructure investing as well as acting as a key interface between the Bank of England and the Peoples Bank of China in the run up to high-level bilateral dialogues and China’s 2016 presidency of the G20. Prior to the FCO, he spent five years working in the private sector representing venture backed technology companies looking to expand their business in Asia.
He speaks Chinese and Japanese and studied environmental economics at SOAS, the University of London.
Danielle Chesebrough, Senior Analyst, Investor Relations with UNGC, Policy & Research
Danielle Chesebrough started working in her dual role with the PRI and UN Global Compact in May 2011. She facilitates collaboration between UN Global Compact companies and PRI signatories and co-organises the Sustainable Stock Exchanges initiative with three UN partner organisations.
Previously, Danielle worked in ESG client services at MSCI. Prior to joining the client services team, she conducted ESG analysis and led engagements with publicly listed companies.
She has a BA in Political Science from Clemson University and a master's degree in Social Work, with a focus on Policy and International Studies, from the University of Connecticut.
Olivia Mooney, Senior Policy Analyst
Olivia joined the PRI in August 2014. She is responsible for policy engagement on Responsible Investment in the UK and Europe.
Prior to this she headed up PRI’s work on Corporate Governance issues, and worked as an ESG analyst at EIRIS.
Olivia holds a master's degree in International Relations from the University of Birmingham and a bachelor's degree in Religion and Theology from the University of Manchester.
Jenny Waits, Senior Policy Analyst
Jenny Waits joined the PRI in October 2017. She is responsible for the PRI’s U.S. policy work.
Previously, Jenny served as a Senior Legislative Officer in the Department of Labor’s Office of Congressional and Intergovernmental Affairs focusing on retirement and veterans’ employment policy. Prior to that role, she worked for Senator Sherrod Brown (D-OH) on economic development, labor, and education policy.
Jenny holds a BA in Political Science from Washington University in St. Louis and an MBA from The George Washington University School of Business.
Blandine Machabert, Climate Policy Analyst
Blandine joined the PRI in August 2017. She supports work engaging policy makers, regulators and investors on climate change.
Prior to joining the PRI, Blandine worked at Caisse des Dépôts (a founder signatory to the PRI), focusing on the integration of climate in investment strategy and investor disclosure.
Blandine holds a Master in Management from ESCP Europe in Paris, France.
Melanie Paty, Policy Analyst
Melanie joined the PRI in October 2015. She supports work engaging policy makers and regulators, particularly the Sustainable Stock Exchanges (SSE) Initiative and the Fiduciary Duty work programme.
Prior to joining the PRI, Melanie worked in wealth management at Veris Wealth Partners, a US-based firm focused on investing with impact.
Melanie holds a BA in Environment, Economics and Politics from Claremont McKenna College in California.