New Economics Foundation
Definition Responsible Investment Banking
Investment that serves savers, society and the environment and is transparent and accountable to those whose money is invested.
Areas of Expertise
Fiduciary duties of investment intermediaries; new measures of progress.
Christine Berry is currently a Researcher at the Centre for Well-being, New Economics Foundation. She was previously Head of Policy and Research at ShareAction (formerly FairPensions), where she authored the research on which this chapter is based. She is writing in a personal capacity.
The extent to which pension funds and other fiduciary investors can take account of environmental and social issues when making investment decisions has long been subject to debate. This chapter examines some of the key legal arguments and argues that fiduciary investors’ scope for action on such issues is considerably wider than is often supposed. Although the primary focus is on the UK legal context, similar issues arise in various other jurisdictions. In 2013, the UK Law Commission was asked to review this area of law buy lorazepam online and make recom-mendations to policymakers with a view to addressing uncertainties among market participants. The chapter makes reference to the Law Commission’s provisional findings where appropriate, but at the time of writing, its final report had not yet been published.
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Hobbies & Social Engagement
Cello, hiking, swimming.