Rethinking Fiduciary Duty for Sustainability
The role of financial institutions is decisive in financing the transition to a low carbon economy. Investments are considered to be aligned with the fiduciary duty when they benefit the financial interests of the client. Rethinking fiduciary duty could unlock unprecedented opportunities for our planet and societies. The session will discuss whether this performance-oriented interpretation of the fiduciary duty is still relevant or sufficient in the context of climate change.