This timely book examines the legal and policy challenges in international, regional and national settings, faced by developing countries in mitigating and adapting to climate change.
Legal and Policy Challenges for the World Economy
Edited by Benjamin J. Richardson, Yves Le Bouthillier, Heather McLeod-Kilmurray and Stepan Wood
Benjamin J. Richardson, Yves Le Bouthillier and Heather McLeod-Kilmurray
Benjamin J. Richardson and Angela Lee
This chapter examines socially responsible investing (SRI) by sovereign wealth funds (SWFs), focusing on the contrasting experiences of three funds that lack an explicit legal mandate to practice SRI: Australia’s Future Fund, Ireland’s National Pensions Reserve Fund and the Alaska Permanent Fund. A range of institutional and contextual factors may drive SWFs to practice SRI, but law does not appear to be determinative in these case studies. The absence of an explicit mandate for SRI does not appear to have inhibited some funds from taking into account social and environmental issues that they perceive to be financially material. However, their current SRI practices are unlikely to leverage significant change towards sustainable development. At most, these SWFs may eschew the most egregious companies and make modest preferential investments in the more enlightened ones.
Environmental Regulation in Cities and Other Localities
Edited by Benjamin J. Richardson
This timely study offers a multi-jurisdictional perspective, featuring international contributors who examine both theoretical and practical dimensions of how localities are addressing climate mitigation and adaptation in Australia, Canada, China, Europe, South Africa and the United States, as well as considering the place of localities in global climate law agreements and transnational networks.