26.06.2015 - How Capitalists Can Do Well While Doing Good
Sovereign-wealth funds in Norway and New Zealand, as well as pension funds like the California Public Employees’ Retirement System and Denmark’s ATP, integrate ESG into their investment decisions. But on the whole, marrying financial and ESG measurements is often resisted. Many managers point to their “fiduciary duty”—their obligation to protect their client’s interests. Under existing laws, they say, fiduciary duty is a barrier to using any metric other than financial returns in their investment analysis...............................................Full Article: Source
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