The UN-supported PRI, PRB and PSI and the FSB's TCFD

Copyright © 2025 LexisNexis
Produced in partnership with Dianne Bell of Freelance
Practice notes
Sustainable Business Toolkit

The UN-supported PRI, PRB and PSI and the FSB's TCFD

Copyright © 2025 LexisNexis

Produced in partnership with Dianne Bell of Freelance

Practice notes
Sustainable Business Toolkit
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Global sustainable finance and ESG disclosure frameworks and principles for financial institutions

This Practice Note covers the United Nation (UN)-supported Principles for responsible investment (PRI), Principles for sustainable insurance (PSI) and Principles for responsible banking (PRB). It also looks at the role of Securities Regulators and International Organization of Securities Commissions (IOSCO) in Sustainable Finance and environment, social and governance (ESG). Written in collaboration with Dianne Bell.

For more information on the meaning of ESG and why it is growing in importance, as well as the key ESG associations/bodies, standards and reporting frameworks, see Practice Note: Climate change and sustainability issues for the financial sector For high level information on the key global, EU and UK sustainable finance and ESG measures, see Practice Note: Climate change and sustainability issues for the financial sector.

United Nations principles—principles-based measures on ESG for the financial sector

The UN Environment Programme Finance Initiative (UNEP FI) has developed a series of sectoral principles-based sustainable financial frameworks, including:

  1. •

    2006: the UN PRI

Dianne Bell
Dianne Bell

Solicitor, Freelance

Dianne is a financial services regulatory solicitor with a wide range of private practice experience relating to the funds, wealth management, and banking sectors. This includes advising clients on regulatory change events and implementation of, for example, MiFID II, AIFMD, CRD IV, MAR, PSD2, EMIR and the UK’s Retail Distribution Review (RDR). 
 
Dianne also has prior experience as a regulator with the UK Listing Authority (UKLA) and FSA (now FCA) where she dealt with the disclosure obligations of public companies and directors, and gained investigative/enforcement experience in the wholesale sector (conduct matters and senior management obligations). She was also responsible for developing expertise in the UKLA’s early Sponsor Regime, and subsequently contributed to recommendations for policy reforms which led to improvements in the Sponsor Regime. Dianne has been an active participant in several industry groups and takes an active interest in emerging and developing areas of EU/UK regulation. 
 
Dianne commenced her legal career as a Barrister in Ontario, Canada where she dealt with banking and commercial contracts matters. 

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Jurisdiction(s):
United Kingdom and Ireland
Related legal acts:
Key definition:
CfD definition
What does CfD mean?

Contract for Difference: A commercial arrangement between the UK Government and low carbon generators to set the strike price for electricity generated by the new nuclear and other low-carbon generation facilities. They take the form of a pre-agreed per MWh price, when the market price is below this the Government will top up the price to that agreed strike price, when the market price is above that strike price the generator will pay the difference to the Government. The payments will be made through the CfD Counterparty Company. The agreement provides long term revenue stabilisation for low carbon generation.

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