PRI to work with the UN Environment Programme

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  • 06 Mar 2019 12:00 AM
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PRI to Tackle 'fundamental' Legal Questions About Considering Impact

The Principles for Responsible Investment (PRI) has launched a project to address "fundamental legal questions" surrounding the consideration of investing activity’s impact on sustainability. The PRI is collaborating with the United Nations Environment Programme Finance Initiative and The Generation Foundation on the project, dubbed ‘A Legal Framework for Impact’. The PRI said investors were increasingly considering “impact duties” such as decarbonisation targets, gender equality, or the impact of their investments on wider society. However, fundamental legal questions remained, including whether investors were legally required to integrate the sustainability impact of their investment activity in their decision-making processes, or whether there were any legal impediments to investors adopting “impact targets”. This project would involve preparing and publishing legal analysis as well as practical recommendations for investors seeking to make "sustainability impact" a core part of their activity.

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