publication . Article . Preprint . Other literature type . 2010

Socially Responsible Investment and Fiduciary Duty: Putting the Freshfields Report into Perspective

Sandberg, Joakim;
Open Access
  • Published: 28 Dec 2010 Journal: Journal of Business Ethics, volume 101, pages 143-162 (issn: 0167-4544, eissn: 1573-0697, Copyright policy)
  • Publisher: Springer Science and Business Media LLC
Abstract
A critical issue for the future growth and impact of socially responsible investment (SRI) is whether institutional investors are legally permitted to engage in it – in particular whether it is compatible with the fiduciary duties of trustees. An ambitious report from the United Nations Environment Programme’s Finance Initiative (UNEP FI), commonly referred to as the ‘Freshfields report’, has recently given rise to considerable optimism on this issue among proponents of SRI. The present paper puts the arguments of the Freshfields report into some further both empirical and critical perspective, however, and suggests that its findings do not call for very much op...
Subjects
free text keywords: Socially Responsible Investment; Fiduciary Duty, Economics and Econometrics, General Business, Management and Accounting, Business and International Management, Arts and Humanities (miscellaneous), Law, Economics, Investment strategy, Accounting, business.industry, business, Public relations, Law and economics, Business ethics, Social responsibility, Corporate social responsibility, Duty, media_common.quotation_subject, media_common, Fiduciary, Institutional investor, Sustainability
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publication . Article . Preprint . Other literature type . 2010

Socially Responsible Investment and Fiduciary Duty: Putting the Freshfields Report into Perspective

Sandberg, Joakim;