Consultation on asset managers' duties regarding sustainability
Published: 15 November 2017
The European Commission has published a consultation paper seeking input from stakeholders on institutional investors and asset managers’ duties regarding sustainability.
This consultation follows on from the third recommendation from the EU High-Level Expert Group on Sustainable Finance, ‘Financing a sustainable European economy’ interim report (July 2017) which focused on establishing a “fiduciary duty” that encompasses sustainability in an effort to explicitly integrate material ESG factors and long term sustainability into investment decision making processes of institutional investors and asset managers.
Responses to this consultation are due by 22 January 2018. To join the group working on a response to this consultation, please contact Jennifer Wood.