A Legal Framework for Impact is a flagship project of the Generation Foundation, Principles for Responsible Investment (PRI) and the UN Environment Programme Finance Initiative (UNEP FI). The project aims to identify and overcome the barriers to a financial system that is consistent with the achievement of the SDGs and limiting warming to 1.5°C.
The project’s first output is a pioneering report authored by Freshfields Bruckhaus Deringer. It provides the first ever comprehensive analysis of how far the law requires or permits investors to take deliberate steps to tackle sustainability challenges in discharging their duties, described as investing for sustainability impact (“IFSI”).
Following the publication of the paper, the Generation Foundation will embark on phase two of the work in partnership with PRI and UNEP FI. Together, we will work to put the report’s findings into practice in five key jurisdictions – the UK, Europe, Australia, Canada and Japan.