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Policy reform, best practice and legal judgments are redefining the relationship between fiduciary duty and sustainableinvestment. In late April, the UK High Court ruled that charity trustees can consider climate change factors when making decisions over their investments, even if it means making lower returns.
It represents not only a lost opportunity to feed food-insecure people but also a substantial contribution to greenhouse gas (GHG) emissions – an estimated 8 -10% of total global emissions , according to the United Nations Environment Programme (UNEP) , as well as 58% of all landfill methane emissions , according to the EPA.
Sachs | September 22, 2015 Land rights, both for individuals and for communities, are critical for achieving sustainable development. Kaitlin Cordes is Head: Land and Agriculture at the Columbia Center on SustainableInvestment. By Kaitlin Y. Cordes and Jeffrey D. Sachs is the Director of the Earth Institute and SDSN.
Sustainable capitalism also invites efforts to reinforce sustainability as a fiduciary issue, create advisory services for sustainable asset management, expand the range and depth of sustainableinvestment products; reconsider the appropriate definition for growth beyond GDP and integrate sustainability into business education at all levels.
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