23 Jan 2018 | Statements and Position Papers
On 22 January 2018, ALFI submitted its response to the European Commission consultation on institutional investors and asset managers' duties regarding sustainability.
In its interim report, published in July 2017, the High Level Expert Group on sustainable finance recommended that the European Commission clarify that the fiduciary duties of institutional investors and asset managers explicitly integrate material environmental, social and governance factors and long term sustainability. As such, the Commission has published a consultation paper on how asset managers and institutional investors might include environmental, social and governance factors when taking decisions.
The consultation forms part of the Commission's efforts to mobilise private capital towards green and sustainable investments to enable the transition to a low-carbon economy and aims to show the EU’s commitment to mitigate risks posed by climate change and environmental challenges.
Click here to see the document.