“Corporate directors and fiduciary leaders have long known about ESG, but the discussion has intensified in recent years. And this is just the beginning: ESG is the new frontier in defining fiduciary duties. Being reactive is no longer an option – directors and fiduciary leaders must usher their enterprise into the new era by incorporating ESG into their business and investment strategies. Woolery & Co. and Kaplan Hecker & Fink have outlined a strategy to help directors and fiduciary leaders make the business, investment, and legal case for ESG.”
[COMMENTARY] A case is made here that fund fiduciaries should take ESG into account! Those fund fiduciaries who do not allow any aspect of ESG in their fund management process may find themselves on the wrong side of the law.
ESG and Fiduciaries: A New Age Dawns, by James C. Woolery, June 15, 2023, Harvard Law School Forum on Corporate Governance, USA.