The Principles for Responsible Investment (PRI) Initiative provided a response to the UK Law Commission’s Consultation on Fiduciary Duty of Investment Intermediaries.
“The PRI Initiative welcomes the UK Law Commission’s review of fiduciary duty and hopes that the analysis itself contained in the review provides some clarity to investors on their ability to consider ESG factors in their decision making. We have also provided a variety of evidence-based material, taken from the PRI’s unique global experience in this field, to the Law Commission for their consideration. For signatories of the PRI, who have agreed that ESG factors are key risks over the length of their investment horizon, this review is crucial” said Helene Winch, Director of Policy and Research, PRI.
A copy of the response is available for download here.