"The European Union′s executive has decided to start work on an impact assessment to assess whether and how such a clarification could contribute to a more efficient allocation of capital, and to sustainable and inclusive growth."

[COMMENTARY] Various advisory groups to the EU are deeply concerned about the short-term focus of fund managers at the expense of long-term issues that are largely ESG related. It’s likely the EU will formally clarify its policy and incorporate the importance of ESG measures in its guidelines. That’ll be good news for all investors.
EU considering sustainable investing as fiduciary duty for investors, Susanna Rust, November 13, 2017, IPE, UK.