Tuesday 15 September 2015

UNEP inquiry - designing a sustainable financial system

As part of the Inquiry into the Design of a Sustainable Financial System, being led by the United Nations Environment Programme, a couple of reports have recently been published. The first, titled Fiduciary Duty in the 21st Century, explores the content of fiduciary duty across several jurisdictions and finds that it is not an obstacle to asset owner action on environmental, social and governance factors: see here (pdf). The second, titled Financial Reform, Institutional Investors and Sustainable Development, provides a review of current policy initiatives and also calls for policies that better align institutional investors with sustainable development goals; it is published in association with CalPERS and is available here (pdf).

No comments: