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Environment Program Finance Initiative (UNEP FI), have highlighted the importance of redefining fiduciary duty, in order to stimulate long-term sustainable growth and the economic health of companies. Indeed, sustainable finance veteran Paul Watchman (an advisor to UNEP FI) argues "the concept of fiduciary duty is organic, not static.
Banks and other financial intuitions (FIs) have the potential to help transition land-use to become ‘nature positive’ in addition to ‘net zero’, by redirecting investment to sustainable land-use projects. Yet, there is growing evidence that funds labeled as ‘sustainable’ do not always deliver what they promise. Mainstream institutions.
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