On 13 November 2017, the European Commission (EC) published a consultation on institutional investors and asset managers' duties regarding sustainability. The consultation follows publication of an interim report by the High Level Expert Group on sustainable finance in July 2017, which recommended that the EC clarify that the fiduciary duties of institutional investors and asset managers explicitly integrate material environmental, social and governance factors and long-term sustainability.
The consultation period ran from 13 November 2017 to 22 January 2018 and can be accessed here:
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