A Legal Framework for Impact

Year Published

2021

Contributing Organizations

Freshfields Bruckhaus Deringer

Generation Foundation

Principles for Responsible Investment (PRI)

United Nations Environment Programme Finance Initiative (UNEP-FI)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Climate Policy & Policy Engagement

Topic 2

Impact Assessment

Target Audience

Governments & Policymakers

Asset Managers

Real Economy Corporates

Relevant Geography

Global

Resource Description

This summary report presents findings from an analysis of whether and how legal frameworks in 11 jurisdictions permit or require investors to consider sustainability impact. It explores how regulators view “investing for sustainability impact” through investment powers, stewardship, and policy engagement.

Why This Matters

This resource helps investors and policymakers understand how legal systems shape the ability to invest for sustainability impact and where reform is needed to align finance with global sustainability goals.

Key Insights

Defines investing for sustainability impact as using investment tools to achieve positive, assessable sustainability outcomes alongside financial returns
Finds that while impact investing is rarely prohibited, few jurisdictions clearly support it as a core objective
Notes most legal systems allow consideration of impact when financially material, but few require or encourage it
Recommends reforms to clarify investor duties, enhance stewardship, and support policy engagement

Secondary File Resources

Secondary Resource Link(s)

A Legal Framework for Impact: Guidance & Case Studies

Was this resource helpful?

We'd love to hear from you! You can share your feedback or suggest a resource below.

Share Your Feedback Suggest a Resource