A group of asset managers, representing approximately $2 trillion in assets under management, say that integrating environmental, social, and governance (ESG) considerations into investment decisions should be a legal responsibility, as outlined in a new report: Fiduciary Responsibility – Legal and Practical Aspects of Integrating Environmental, Social and Governance Issue into Institutional Investment, produced by the Asset Management Working Group of United Nations Environment Programme Finance Initiative (UNEP FI), a unique partnership between the UN’s environmental arm and over 180 financial institutions worldwide.
During today’s news briefing, Calvert Investments, ClearBridge Advisors, Pax World Investments, and UNEP FI experts revealed key findings of the report and discussed the responsibility fiduciaries have to incorporate ESG factors into investment decisions.
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