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.
Stay in the know
Stay in the know with our regular investor newsletter featuring all things responsible investment, including our latest research, insights and events.
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.
Joint Statement01 September 2025
Joint letter calling on EU policymakers to preserve the review clause in the CSDDD
Together with 34 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.
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.
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 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.
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.
