EU policy
The EU stands at the forefront of sustainable financial policy. The PRI EU policy team engages with European policymakers, alongside and with the support of signatories, to ensure the high ambition of the EU Green Deal is maintained.
The EU policy team works on seven policy priorities: the Taxonomy, disclosure regulation for investors (SFDR) and corporates (CSRD), fiduciary duties, stewardship, real economy climate issues and mandatory due diligence. We are also building on the findings of the flagship A Legal Framework for Impact report, to guide policy recommendations to better integrate sustainability impacts into EU financial legislation.
Key publications
Latest policy engagements
Press statement: PRI reaction to Mario Draghi’s report on the competitiveness of the EU
Mario Draghi’s report on the competitiveness of the EU economy provides a thorough analysis of the multiple challenges faced by European industry and companies to remain competitive at the global level.
Letter to re-elected Commission President Von der Leyen: Future-proofing the Green Deal for Europe’s lead in the global net zero economy
PRI’s CEO, David Atkin, congratulates Commission President Von der Leyen to her reelection for her second five-year term, and encourages her to build on the legacy of the Green Deal to ensure it is competitive, fair, and resilient.
Joint business and investor letter supporting an ambitious EU 2040 climate target
The PRI signed a joint letter with over 100 businesses and investors calling on the EU to set a greenhouse gas emissions reduction target of at least 90% by 2040. A robust climate target and sectoral roadmaps and decarbonisation pathways will improve the EU’s resilience to shocks, energy security and competitiveness.
PRI response to ESA consultation on review of SFDR delegated regulation regarding PAI and financial product disclosures
Whilst PRI supports the proposed expanded social PAI indicators and climate target-setting proposals, policymakers will need to maintain consistency with the final ESRS standards as adopted by the European Commission to ensure investors have sufficient data to produce meaningful reports as per their SFDR obligations.
PRI consultation response on EU climate target for 2040
PRI welcomes the Commission's consultation for stakeholder feedback on establishing a 2040 climate target. PRI recommends a science-based target that does not fall below the recommendations of the European Scientific Advisory Board on Climate Change. Also, accelerating implementation of the Fit for 55 package, developing an EU-wide transition plan including sectoral roadmaps, and enabling financial markets to close the investment gap for the transition will set the EU firmly on a path towards climate neutrality by 2050.
In the press
12 June 2024Environmental Finance | Success of far-right won't hollow out EU Green Deal, PRI says
17 April 2024Environmental Finance | How to make CSDD fit for purpose: The investor perspective
5 March 2024IPE | EU told all financial products should report on sustainability
5 March 2024Responsible Investor | EU should introduce wide-ranging stewardship regulation, says PRI
6 March 2024 Portfolio Adviser | PRI calls on EU to enhance responsible investment policies with six priorities
January 2024 IPE News | What the EU’s new due diligence law means for investors
13 October 2023 Financial News | UN sustainability policy boss wants to keep EU green rules: ‘No one wants go back to square one’
12 September 2023 Financial Times | EU legislators vote to sharply increase bloc’s renewable energy target
1 August 2023 IPE | PRI welcomes Commission ESRS adoption but calls for clear materiality assessments
Blogs
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Webinars
EU taxonomy implementation
This webinar is aimed at practitioners involved in making EU taxonomy disclosures. The session will provide an overview of the PRI’s latest research on how investors are approaching taxonomy implementation. It will also include a panel discussion with practitioners and policy experts, followed by a Q&A session. Panellists will discuss ...
EU taxonomy implementation
Regional policy developments in corporate sustainability disclosure
The EU Platform on Sustainable Finance: Taxonomy extension and future policies
The EU Strategy for Financing the Transition to a Sustainable Economy
Mandatory human rights due diligence: EU policy developments and implications
PRI Digital Forum: EMEA - Testing the Taxonomy
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Further resources
Policy reports
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Consultations and letters
Search our policy consultations and letters
A Legal Framework for Impact
It is crucial that assessing and accounting for sustainability impact becomes a core part of investment activity. That’s why PRI, UNEP FI and The Generation Foundation are leading our work programme “A Legal Framework for Impact.”
- The PRI is an investor initiative in partnership with UNEP Finance Initiative and UN Global Compact.
- PRI Association, 25 Camperdown Street, London, E1 8DZ, UK
- Company no: 7207947
- +44 (0)20 3714 3141
- [email protected]