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Reforms Needed to Free Investors to Consider ESG Factors

Australia-focused report is part of wider effort to give asset owners greater certainty over pursuit of sustainable outcomes.

Sweeping reform of the laws governing relationships among asset managers and owners, trustees, and beneficiaries are urgently needed, according to a new report. At issue is the extent to which the concept of ‘fiduciary duty’ is an obstacle to ESG-based investment. The report focuses on the position in Australia, but…

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