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T1 Fiduciary Duty in the 21st Century – Final Report
A1 United Nations Environment Programme, 
A1 Principles for Responsible Investment, 
K1 sustainable development
K1 investment
K1 investment policy
K1 case study
K1 Australia
K1 Brazil
K1 Canada
K1 China
K1 European Union
K1 France
K1 Germany
K1 Japan
K1 South Africa
K1 United Kingdom
K1 United States
K1 environmental information
K1 environmental indicator
K1 social indicator
K1 data
K1 corporate governance
K1 Finance
K1 Sustainable Development
YR 2019
FD 2019
LK https://wedocs.unep.org/handle/20.500.11822/31658
UL https://wedocs.unep.org/handle/20.500.11822/31658
NO This report describes how the integration of environmental, social and governance (ESG) issues into investment practice and decision making is an increasingly standard part of the regulatory and legal requirements for institutional investors, along with requirements to consider the sustainability-related preferences of their clients and beneficiaries, and to report on how these obligations have been implemented. It also identifies areas where further work is required and reflects on how investors’ duties and obligations may further evolve over time. The report affirms that fiduciary duty requires the incorporation of environmental, social and governance (ESG) issues into investment analysis and decision-making processes. It also finds that investors that fail to incorporate ESG issues are failing their fiduciary duties and are increasingly likely to be subject to legal challenge. The final report includes discussion of the origins of fiduciary duty, the new policy context, and modern fiduciary duty. The report also provides detailed country-specific analysis of current policy and regulatory landscapes and recommendations for reform in each leading global economy.
DS UN Environment Document Repository
RD Sep 16, 2026