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ICI Details How Funds Can Ease the Transition to the Net Zero Economy – Finance and Banking

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ICI details how funds can facilitate the transition to the net-zero economy

October 21, 2021

Cadwalader, Wickersham & Taft LLP

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The Board of Governors of the Investment Company Institute (“ICI”) unanimously adopted a statement describing the steps funds can take to facilitate the transition to a lower carbon economy, “In accordance with a Fund’s investment objectives and strategies, the interests of investors and a fund “. Duty of loyalty of the managing director. “

To support industry efforts to facilitate the net zero transition, ICI recommended the following actions:

  • Promote “transparent and useful climate disclosure”;
  • contain a climate-related analysis that is consistent with the investment objectives and strategies of the Funds;
  • participate in climate-related activities that are in line with the interests of investors and the objectives and strategies of the funds;
  • Create and offer funds that aim to meet investor demand for products that target net zero issues by 2050 or earlier; and
  • regularly disclose your climate characteristics for funds with such climate-related goals and strategies.

Primary sources

  1. ICI Press Release: ICI Board Statement on Financing Net Zero Transition
  2. ICI Statement: Financing the Net Zero Transition

The content of this article is intended to provide general guidance on the subject. Expert advice should be sought regarding your specific circumstances.

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