Policy Hub
Our Policy Hub offers practical guidance and resources for policymakers on responsible investment themes. It features reports, consultation responses, and joint statements addressing climate risk, diversity, equity and inclusion, and sustainable finance regulations.
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Briefing13 August 2025
Pension Schemes Bill Committee stage briefing
ShareAction has produced a House of Commons Pension Schemes Bill Committee stage briefing. ShareAction encourages Committee members to table and speak in support of amendments to clarify pension schemes’ fiduciary duties. A recommended amendment is included in the Annex. Clarification would support improved outcomes for UK pension savers and boost investment in UK growth. It would also support investment by pension schemes on housing, decarbonisation, regeneration, education and care – all matters raised by MPs at 2nd reading. This could be achieved without invoking any Government power to set asset allocation targets on pension schemes, such as that contained in the current Bill.
Briefing12 August 2025
Pension Schemes Bill 2nd reading briefing
ShareAction has produced a House of Commons Pension Schemes Bill 2nd reading briefing. To ensure that pension schemes are voluntarily able to invest productively in members’ interests in the UK economy, without invoking a Government power to direct pension savers’ money, we recommend that MPs advocate for clarification of fiduciary duty on the face of the Bill.
Policy12 August 2025
Fiduciary duty clarification Q&A document
ShareAction has produced a detailed Q&A document addressing questions raised by pension trustees and other stakeholders during the process of drafting the wording for the proposed legislative clarification. The Q&A document includes sections on why this amendment is needed and what this amendment will do, and also explains key concepts such as financially material considerations, system level considerations, impacts and time horizons.
Consultation Responses30 July 2025
ShareAction response to the Bank of England's PRA’s consultation on enhancing banks’ and insurers’ approaches to managing climate-related risks
ShareAction supports the PRA's intention to update and clarify its supervisory expectations in light of growing climate-related risks, and welcomes the PRA's aim to build on lessons learnt in the UK and internationally over the last five years on firms’ management of climate-related risks. Overall, we welcome the updated provisions set out in the consultation, but call on the PRA to go further and: Adopt a precautionary systemic risk approach to avoid the build-up of climate-related risks in the first place; Take micro and macroprudential measures to ensure that individual banks and insurers, and the financial sector as a whole, are better equipped to deal with such risks; Implement robust enforcement measures, including financial penalties if needed; and Better align its practices with international and EU standards
Consultation Responses06 June 2025
ShareAction response to the Sustainable Finance Disclosure Regulation (SFDR) consultation
ShareAction has submitted a response to the European Commission’s May 2025 Call for Evidence on the Sustainable Finance Disclosure Regulation (SFDR), launched in the context of the regulation's review scheduled for the end of 2025. In our response, we make two priority recommendations: maintain entity-level disclosures, including Principal Adverse Impact indicators, and require engagement disclosures in a future product categorisation system, with binding criteria for transition products. These recommendations are based on the findings of our recent research report "Bridging the Data Divide: An analysis of market practice to strengthen engagement disclosures under the Sustainable Finance Disclosure Regulation".
Joint Statement05 June 2025
Investor Statement in Support of Diversity, Equity, and Inclusion
ShareAction’s Good Work investor coalition reaffirms the collective commitment to advancing diversity, equity, and inclusion (DEI) across the companies in which they invest. Amid recent political and legal challenges to DEI initiatives, particularly in the US, we believe it is important to restate why these principles matter.
Report28 May 2025
Bridging the Data Divide: An analysis of market practice to strengthen engagement disclosures under the Sustainable Finance Disclosure Regulation
The Sustainable Finance Disclosure Regulation (SFDR) was introduced to enhance transparency and improve sustainability disclosures by financial market participants. It has been instrumental in raising awareness of the negative impacts of investments on people and the planet but has not yet succeeded in fully delivering on its intended goals, including to prevent greenwashing, reduce negative impacts, and channel capital towards sustainable investments.
Consultation19 May 2025
Joint written evidence to the Work and Pensions Select Committee
ShareAction, the Impact Investing Institute and ClientEarth have submitted joint written evidence to the select committee’s session on 14 May 2025 on boosting pension funds’ UK investment.
Report15 May 2025
Insurance in Transition: Decoding the Omnibus Agenda’s Ripple Effect
The insurance sector plays a key role in Europe’s sustainable transition due to its role as a major investor and risk manager. However, new research commissioned by ShareAction warns that proposed changes in the EU's Omnibus I package could weaken key sustainability rules, seriously undermining insurers' ability to support climate goals and protect financial stability. The research shows that up to 85% of European insurers currently covered by the Corporate Sustainability Reporting Directive (CSRD) may be excluded from reporting obligations under changes being discussed between EU policymakers. This would drastically reduce the insurance sector's transparency and accountability and access to data needed to manage sustainability-related risks. Combined with a narrower EU Taxonomy scope and weakened transition plan requirements under the Corporate Sustainability Due Diligence Directive (CSDDD), these proposals could delay climate action and amplify financial risks. Other regulations, such as Solvency II and the Sustainable Finance Disclosure Regulation (SFDR), also risk being weakened under the Omnibus proposal.
Briefing23 April 2025
Clearer Accounting for Clean Air
Meaningful progress to improve air quality requires coordinated action across all sectors, particularly from high-polluting industries. Transparent corporate disclosures are needed to hold companies to account for the air pollution they cause, and to support them to align their activities with national health objectives. This policy briefing sets out recommendations to the UK Government to integrate air pollution metrics into corporate reporting frameworks, mandate disclosure of PM2.5 emissions across key sectors, and set sector-specific emissions-reduction targets.
