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Stay in the know with our weekly guide to responsible investment, featuring our latest research, insights and events
Consultation Responses30 November 2023
ShareAction welcomes the efforts made to address, and raise awareness of, social factors within investment decision-making. The inclusion of social considerations is critical for economic growth and protection from risks related to the climate crisis, as well as to ensure a higher standard of social protections across domestic and international supply chains. While the recommendations included in the Taskforce’s report are a positive development, ShareAction would like to see environmental and social considerations incorporated into investment decision-making in a more robust manner by pension scheme trustees, industry, and policy makers.
Policy07 November 2023
We are 18 civil society organisations concerned with making the financial system more stable and sustainable, and we see the trilogue negotiations on Solvency II, the legislative framework for EU (re)insurers, as a key opportunity to make insurers resilient and better protected against climate change and its wide-ranging consequences. Introducing a tailored transition plan provision in Solvency II is crucial to push insurers to adequately address climate-related risks and consider impacts, while ensuring regulatory coherence across EU law. In this joint letter addressed to EU policymakers involved in the review of Solvency II, we emphasize how a transition plan obligation in Solvency II logically fits with other pieces of legislation, adding the necessary prudential perspective without creating any duplication.
Briefing31 October 2023
ShareAction supported this WWF briefing that highlights how financial institutions in the EU have been involved in driving environmental and human rights-related harm. The three examples in this report underscore the need for the financial sector to be fully and meaningfully included in the EU Corporate Sustainability Due Diligence Directive (CSDDD).
Policy26 October 2023
Our agenda for a sustainable and inclusive EU financial sector
Briefing20 October 2023
The UK’s Sustainability Disclosure Requirements: why policymakers should legislate for mandatory sustainability disclosures
This policy briefing sets out recommendations to the UK Government to legislate for mandatory sustainability-related corporate disclosures and to ensure the new legislation includes mandatory social-related corporate disclosures, which explicitly integrate health disclosures.
Consultation Responses14 September 2023
ShareAction welcomes the revisions to the UK Corporate Governance Code that focus on the wider responsibilities of the board and audit committee for expanded environmental, social and governance reporting. While the changes to the Code are a step in the right direction, our main recommendation is that these new monitoring and reviewing powers on narrative reporting include looking at how sustainability issues will be built into the overall company strategy not just that the issues have been considered.
Briefing08 September 2023
It is time for the government to require mandatory ethnicity pay gap reporting for companies with over 250 employees.
Consultation Responses05 September 2023
ShareAction and Impact Investing Institute’s joint-submission to DWP’s call for evidence on trustee capabilities, in which we call for statutory redefinition of savers’ “best interests” to ensure pensions savings are aligned with a sustainable future.
Briefing04 September 2023
ShareAction has produced a briefing on investor due diligence obligations in the Corporate Sustainability Due Diligence Directive (CSDDD). The trilogue negotiations on the CSDDD are an opportunity to establish due diligence obligations for financial and non-financial companies across the EU market. With global temperatures rising and inequalities increasing, there is an urgent need for investors to conduct meaningful due diligence to adequately manage sustainability risks across their value chains and support strong human rights and environmental protection. This briefing shows that the concept of due diligence is not novel to investors, but common standards are lacking.
Consultation Responses16 August 2023
ShareAction responded to the Smarter Regulation Non-Financial Reporting Review: Call for Evidence. We welcome the government taking a fresh look at the body of requirements companies need to comply with to ensure that the UK’s corporate reporting framework continues to deliver what investors and other stakeholders need to support economic growth and long-term value creation. While we agree that non-financial information prepared by companies is useful, we have made several recommendations specifically regarding the reporting requirements for social issues.