Major international legal report backs growing institutional investor focus on achieving positive sustainability impacts

New research provides a legal framework for institutional investors internationally as they seek to address key environmental and social sustainability challenges, and sets out the opportunities for policy reform 21 July, LONDON – Freshfields Bruckhaus Deringer (Freshfields) has today released a new report, A Legal Framework for Impact, commissioned by The Generation Foundation, the United…

Fiduciary Duty in the 21st Century Final Report Launch – London

Join UNEP FI and the PRI for the London final report launch of the Fiduciary Duty in the 21st Century programme on Friday, November 22, at 1500 GMT, hosted by The Generation Foundation.

The Fiduciary Duty in the 21st Century programme was launched in 2016 to end the debate on whether fiduciary duty is a legitimate barrier to the integration of environmental, social and governance (ESG) issues in investment practice and decision-making. Over the past four years, the programme has produced extensive evidence on the subject and has advocated for global policy reform to clarify fiduciaries’ duties to their beneficiaries.

UNEP FI’s GRT 2018 Day 2: TCFD, Investor Duties, Energy Efficiency Finance & launch of Emissions Gap Report

  The crowd numbered 650 on the second day of UNEP FI’s Global Roundtable 2018 in Paris, one of the world’s largest gatherings of banks, insurers and investors that are working to put the Sustainable Development Goals at the heart of their business strategy. Delegates discussed the ongoing issues that keep sustainable finance professionals busy,…

BLOG: Eric Usher discusses what makes a credible net zero commitment

In the first two blogs in this series, I wrote about the UN Principles for Responsible Banking (PRB) and the ongoing dance between the private and public sector that is ratcheting up sustainability ambitions. Today, I finish up this pre-COP series by considering how significant the net-zero objective has become for the finance industry, and…

A Legal Framework for Impact – Podcasts

The Next Frontier in Responsible Investment Substantive issues related to the content of A Legal Framework for Impact project are discussed in these podcast episodes posted on the PRI PODCAST channel. A Legal Framework for Impact – An introduction to the Freshfields Report 04 October 2021 | In this episode, PRI’s Director of Policy Margarita…

A Legal Framework for Impact – About

Investors have a fiduciary duty to integrate financially material factors, including environmental, social and governance (ESG) factors. Meanwhile, the Paris Agreement and UN Sustainable Development Goals have ramped up investor awareness about global sustainability challenges. Investors are increasingly considering ‘impact duties’ – such as decarbonisation targets, commitments to quality of life, gender equality or integrating the impact…

UNEP FI Honoured with IPE Outstanding Industry Contribution Award

Last month, UNEP FI and the Principles for Responsible Investment (PRI) received the Investments and Pensions Europe 2017 gold award for Outstanding Industry Contribution in recognition of our work on Fiduciary Duty in the 21st Century. Long considered a barrier, the programme seeks to modernise conceptions of fiduciary duty to integrate environmental, social and governance…

A Legal Framework for Impact

A legal framework for considering sustainability impact in investor decision making. Discover the report findings which form the basis of a multi-year work programme led by UNEP FI, PRI and The Generation Foundation.

A Legal Framework for Impact – Resources

Publications The report, A Legal Framework for Impact: sustainability impact in investor decision-making, authored by Freshfields Bruckhaus Deringer and commissioned by PRI, UNEP FI and The Generation Foundation, provides ground-breaking legal analysis on the extent to which legal frameworks enable investors to consider impact in their activities across 11 jurisdictions: the EU, Australia, Brazil, Canada,…

A Legal Framework for Impact: sustainability impact in investor decision-making

The report, authored by Freshfields Bruckhaus Deringer and commissioned by PRI, UNEP FI and The Generation Foundation, provides ground-breaking legal analysis on the extent to which legal frameworks enable investors to consider impact in their activities across 11 jurisdictions: the EU, Australia, Brazil, Canada, China, France, Japan, South Africa, the Netherlands, UK and the US.

Legal Framework for Impact – Media & News

Press Releases 21 July 2021: Major international legal report backs growing institutional investor focus on achieving positive sustainability impacts 27 November 2019: Groundbreaking work to assess real-world sustainability impact for investors   A Legal Framework for Impact in the News 2021 Financial Times Moral Money Newsletter | July 23 Climate change litigation rattles companies and…

Stellar Speakers and New Launches at Day 1 of UNEP FI’s Global Roundtable

UNEP FI saw more than 2500 participants join Day 1 of its 16th Global Roundtable, held virtually for the first time ever, under the theme “Financing a Resilient Future”. The stellar line-up of speakers was led by Amina Mohammed, Deputy Secretary General, United Nations, who gave the opening keynote address by reminding participants that sustainable…

BLOG: UNEP FI urges the EU to embed sustainability impact into its Renewed Sustainable Finance Strategy

In July 2020, the European Commission closed its stakeholder consultation on its Renewed Sustainable Finance Strategy, which will be adopted by year-end. The Commission’s proposal recognizes that the scale of investment necessary for a timely, just and sustainable transition goes beyond the capacity of the public sector and needs to include the private sector as…

A Legal Framework for Impact – Frequently Asked Questions

1. In two sentences, what is A Legal Framework for Impact?  It is a project to establish the extent to which legal and regulatory frameworks in 11 jurisdictions enable or encourage investors to consider the sustainability impact of their investments.   In the future, this analysis may serve as a foundation for a new way of…

A Legal Framework for Impact – Project Partners

Secretariat Legal analysis Reference Group Steering Committee Contact Secretariat A Legal Framework for Impact is undertaken collaboratively by the United Nations Environment Programme Finance Initiative (UNEP FI) and the Principles for Responsible Investment (PRI) with the generous financial support of The Generation Foundation, and supported by legal expertise from Freshfields. The Secretariat is composed of…

A Legal Framework for Impact – Events

Webinar: A Legal Framework for Impact – Shaping Sustainability Outcomes in Canada 1 December 2021 | 12:00 – 13:00 ET | Webinar The session will begin with an overview of the report “A Legal Framework for Impact” authored by Freshfields Bruckhaus Deringer, and commissioned by The Generation Foundation, PRI and UNEP FI. A presentation of…

2019 in review: UNEP FI membership tops 300 as finance sector steps up on sustainable finance

2019 was a year of stellar achievement for UNEP FI and its members. In October, shortly after successful launches at the UN General Assembly in New York, our membership reached a tally of 300 banks, insurers and investors from around the globe. This review of the year provides highlights and we would like to use this opportunity to thank our members, supporting institutions and sponsors for their dedication to promoting sustainable finance and ensuring a more resilient, low-carbon future for all.

Groundbreaking work to assess real-world sustainability impact for investors: A Legal Framework for Impact

On 27 November 2019, United Nations Environment Programme Finance Initiative (UNEP FI), the Principles for Responsible Investment (PRI) and The Generation Foundation announced the launch of pioneering research with global law firm Freshfields Bruckhaus Deringer LLP (‘Freshfields’) to analyse whether and how legal frameworks allow for – and incentivise – investors to consider sustainability impact…