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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Policy30 October 2025
Pension Schemes Bill Report Stage - ShareAction Amendment
We encourage MPs of all parties to add their name to amendment NC17, and speak in support of it at the debate. Clarification of pension schemes’ fiduciary duties via amendment NC17 would support improved outcomes for UK pension savers and boost investment in UK growth. It would also support investment by pension schemes in housing, decarbonisation, regeneration, education and care – all matters raised by MPs in earlier debates. This amendment would reduce the likelihood of needing to invoke Government’s proposed power to set asset allocation targets on pension schemes, which has raised concerns in earlier stages.
Joint Statement28 October 2025
Joint open letter on the role of stewardship in the upcoming SFDR review
Together with 7 other NGOs, we have sent a letter to EU Commissioners calling on them to make stewardship requirements a core part of the upcoming review of the Sustainable Finance Disclosure Regulation (SFDR), the EU’s main tool to improve sustainability transparency in the financial sector. While stewardship is already a widespread and expected practice among financial market participants, the current SFDR provisions do not fully harness its potential. The upcoming review presents a unique opportunity to establish a stronger and more consistent framework that ensures stewardship is genuinely impactful and that investors’ influence drives the EU’s sustainability transition.
Joint Statement10 October 2025
Joint open letter calling for an ambitious Sustainable Finance Disclosure Regulation
Together with BEUC (The European Consumer Organisation), Finance Watch, WWF, and other European NGOs, we sent a letter to Commissioners Albuquerque and Séjourné urging that the upcoming review of the Sustainable Finance Disclosure Regulation (SFDR) deliver a clear and credible framework for sustainable investments. The letter calls for the inclusion of measurable fund categories, robust exclusions for harmful activities such as fossil fuel expansion, and strong stewardship criteria to build investor trust in the EU’s Savings and Investment Union.
Joint Statement30 September 2025
Joint open letter to the European Commission to exclude companies developing new fossil fuel projects from all sustainable fund categories
Together with more than 100 NGOs, financial institutions, and academics, we have co-signed an open letter to Commissioners Albuquerque and Séjourné calling for strong safeguards on fossil fuel exclusions in the forthcoming revision of the Sustainable Finance Disclosure Regulation (SFDR). The letter urges the European Commission to ensure that all newly established SFDR product categories exclude companies developing new fossil fuel projects, a necessary step to prevent greenwashing, align with climate science, and restore trust among citizens and retail investors.
Policy29 September 2025
Clarifying pensions fiduciary duty
A simple change in the law would unlock a better future for pension members. Clarifying fiduciary duties is the key to unlocking pension investment in UK growth – enabling trustees to consider what truly matters for members’ retirement outcomes. Full list of resources below.
Consultation Responses17 September 2025
ShareAction response to the Department for Energy Security and Net Zero: consultation on transition plan requirements
We have responded to the Government’s consultation on Transition Plans. We welcome the ambition and opportunity presented through the consultation. We recommend that the Government creates a holistic approach for climate reporting, to reduce burdens but increase transparency and ensure a smooth transition to net zero as quickly as possible. At a time when deregulation is high on Rachel Reeves’ agenda, we would like to see the Government maintain its commitment to Labour’s manifesto pledge of making Transition Plan reporting mandatory. Transition Plans are a vital tool to be used to align the UK economy with its climate targets and to avoid serious financial risk.
Consultation Responses04 September 2025
ShareAction response to EU call for evidence on climate resilience and risk management
ShareAction has responded to the European Commission's call for evidence to establish an EU integrated framework for climate resilience and risk management. Our response is insurance-focused, and stresses the need for strong, evidence-based rules for insurers to adopt both climate mitigation and adaptation measures – contrary to current practices and deregulatory trends.
Consultation Responses03 September 2025
ShareAction response to the Pensions Regulator’s (TPR) blog on pension schemes
ShareAction welcomes the Pensions Regulator’s (TPR) blog on pension schemes implementing transition plans and we are pleased to see the Regulator is taking a more prudential style of regulation, incorporating systemic risks and assessing how well trustees are looking at those risks when making decisions. However, these voluntary actions are no substitute for mandatory transition plans.
Consultation Responses02 September 2025
ShareAction response to EU consultation on the Solvency II Delegated Regulation
ShareAction has submitted a response to the consultation on the EU’s Solvency II Delegated Regulation, a key piece of legislation that sets how insurers calculate their capital requirements and manage risks. We express our concern that the current direction risks weakening insurers’ financial resilience and overall financial stability, while failing to ensure that freed-up capital supports the EU’s green transition. We also make key recommendations for the European Commission, notably to implement EIOPA's 2024 recommendation for higher capital requirements for insurers’ investments in risky fossil fuel assets.
Joint Statement01 September 2025
Joint letter calling on EU policymakers to preserve the review clause in the CSDDD
Together with 37 other organisations, ShareAction sent a letter to Members of the European Parliament urging them to preserve the review clause in the Corporate Sustainability Due Diligence Directive (CSDDD). The clause requires the European Commission to assess whether financial institutions should be legally obliged to identify and address their impacts on people and the planet. Removing it would send the signal that the EU is unwilling even to consider holding the financial sector accountable for its role in financing human rights abuses and environmental destruction.
