Trustees now under the gun over environment, social and governance issues, says RIAA chair

Wed, 16 Mar 2016

By Fiona Rotherham March 16 (BusinessDesk) - There has been a big shift in thinking in the past two years that trustees now have a fiduciary duty to consider environmental, social, and governance issues when investing money under their care, says Responsible Investment Association Australasian chair Pablo Berrutti. He said from 2005 onwards it became legitimate for trustees to consider ESG factors but in the past couple of years that thinking has shifted to them having a duty to do so. A UK Law Commission report in 2014 found that tru...

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