All Fiduciary duty articles
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Introductory guideAn introduction to responsible investment: stewardship
This introductory guide explains the importance and relevance of stewardship within responsible investment and outlines the stewardship tools investors can incorporate into policies, processes and practices.
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Thought Leadership
The modern interpretation of fiduciary duty
The integration of environmental, social, and governance (ESG) issues is an increasingly standard part of the regulatory and legal requirements for institutional investors, along with requirements to consider the sustainability-related preferences of their clients and beneficiaries.
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PRI Web Page
About the fiduciary duty in the 21st century programme
An extensive research and policy engagement programme 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.
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Thought Leadership
The California responsible investment roadmap
A publication of the fiduciary duty in the 21st century project.
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Articles
ESG and alpha in China
Evidence demonstrates ESG incorporation outperforms traditional benchmarks in China
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Webinar
Fiduciary duty in the 21st century – from a legal case to regulatory clarification around ESG
Fiduciary duty in the 21st century, a collaboration between the PRI and UNEP FI with generous financial support from The Generation Foundation, contributes an extensive evidence base to end the debate on whether fiduciary duty is a legitimate barrier to the integration of environmental, social and governance (ESG) issues in ...
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Thought Leadership
Fiduciary duty in the 21st century final report
This report describes how the integration of economic, social and governance (ESG) issues into investment practice and decision making is an increasingly standard part of the regulatory and legal requirements for institutional investors, along with requirements to consider the sustainability-related preferences of their clients and beneficiaries.
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Articles
ESG data in China: recommendations for primary ESG indicators
This report aims to provide recommendations for China’s future, mandatory environmental, social and governance (ESG) disclosure framework, prepared by its financial regulators.
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Blogs
Punchy, urgent and, at times, exasperated: observations from today’s High Level Conference on Sustainable Finance
By Will Martindale, Director of Policy and Research, the PRI
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Blogs
EU policy makers achieve political agreement on investor disclosures
By Will Martindale, Director of Policy and Research, the PRI
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Thought Leadership
Fiduciary duty in the 21st century: France roadmap
The Fiduciary Duty in the 21st Century programme – launched by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and The Generation Foundation – collaborated with Finance for Tomorrow to publish a France roadmap for sustainable finance, setting out recommendations for institutional investors ...
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Thought Leadership
Untangling the stakeholder chain: strategies and recommendations
Untangling the chain of stakeholder interests and incentives requires connecting the business objectives of plan sponsors with the growing demand for ESG incorporation by plan beneficiaries, while working within the fiduciary duty requirements of ERISA.
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Thought Leadership
The ERISA stakeholder chain
The ERISA retirement system brings together distinct stakeholders with diverse incentives and objectives. These range from the plan sponsors to pension consultants to the investment managers, independent advice providers and, ultimately, the plan beneficiaries.
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Thought Leadership
Shifting ERISA ESG policy: from collateral to integral
Unlike public pension plans, private-sector retirement plans (including both DC and DB plans) must maintain compliance with ERISA regulations, specifically the fiduciary requirements, when selecting investment options.
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Thought Leadership
ERISA plans and ESG incorporation: trends in the US pension market
The overall trend in US private sector pension provision is one of risk transfer from corporate plan sponsors to the beneficiaries, with companies seeking to avoid the long-term pension liabilities inherent in the DB plan structure. Corporate DB plans are closing to new members and converting pension provision to defined ...
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Thought Leadership
From marginal to mandatory: The evolution of ERISA fiduciary duty and ESG incorporation
The attitudes of ERISA plan sponsors toward the incorporation of ESG factors into their plans have followed stages that have reflected the PRI’s approach to the US market. Each stage has required distinct approaches, arguments and strategies.
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Thought Leadership
Untangling stakeholders for broader impact: ERISA plans and ESG incorporation
The US accounts for the largest share of pension assets globally. Increasingly, US investors are incorporating ESG factors into their investment decisions.
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Thought Leadership
Fiduciary duty in the 21st century: Ireland roadmap
As a step towards implementing Fiduciary duty in the 21st century’s recommendations, the Ireland roadmap sets out recommendations in four categories: regulation, capacity building, stewardship and intermediation and corporate reporting.
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Thought Leadership
Fiduciary duty in the 21st century: Ohio roadmap
As a step towards implementing Fiduciary duty in the 21st century’s recommendations, the Ohio roadmap sets out recommendations in four categories: treasurer offices, universities, public pension funds and climate change coalitions.
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Thought Leadership
Investor duties and ESG integration in China
As a step towards implementing Fiduciary duty in the 21st century’s recommendations, the China roadmap sets out recommendations based on four priority themes: policy framework and sustainable guidance; regulation on ESG integration and disclosure for pension funds and their investment managers; disclosure requirements for companies; sustainable and green finance products, ...
