Table of Contents
org/chapter-v/#Limits”>Limits of Inquiry
II. Literature Review
Temporal and spatial characteristics of environmental problemsClimate change over time and throughout spaceEarly century (2011 to 2030: the prime of life for a twenty year-old today)Mid-century (2046 to 2065: the prime of life for a twenty year-old’s children)Late century (2080 to 2099: the prime of life for a twenty year-old’s grandchildren)Short-termismThe trust Final remarks
III. Funding Climate Change: How Pension fund Fiduciary Duty Masks trustee inertia and short-termism
Introduction The potential for pension funds to address climate changeClimate change: financial risks and opportunitiesFiduciary duty as a perceived barrier to changeFiduciary duty in the context of pension fundsPension fund fiduciary duty and non-financial considerationsFiduciary duty’s paradox: incrementally flexibleConclusion
IV. Putting Sustainable Investing into Practice: a Governance Framework for Pension Funds
IntroductionSri: a radically confused concept?Un pri: standardising understandings of ri?Sustainability: emphasising the long-termUk and us pension fund governance Mission clarityInvestment beliefsSustainable investing framework Pension fund governance for sustainable investingLegal context: barriers to and enablers of sustainable investing Fiduciary duty and sustainable investing: the need to document prudence and loyaltyConclusion
V. Nascent Jurisprudence on Intergenerational Equity
Introduction What is intergenerational equity? International legal sources of intergenerational equityDomestic legislation referring to intergenerational equityGray v minister for planningTaralga landscape guardians inc v minister for planningWalker v minister for planningIntergenerational equity as a judge-made principleJudges, democracy and the environmentCumulative impact: a longer timeframe?Intergenerational versus intra-generational equityAdministrative law as environmental governanceVI. Investing in the Future: the Story of a River
Introduction Intergenerational equity through long-term investment? Conceptualizing the ‘long-term’The planetary trust: a flawed instrument of intergenerational equityThe planetary trust conceptCritique of the planetary trust conceptTesting the planetary trust: ‘trustees’ of australia’s waterThe murray darling basin authority: analogous to the planetary trust?Triple bottom fantasy – political reaction to the guideImplications Independent thinkersAvoiding time inconsistency in regulatory designConclusion Short-termism casts a long shadow A matter of trustImplications and solutions Legislative changesLegal and institutional reflectionsImplications for theoryFurther research Deepening our understanding of fiduciary dutyFinal remarks Case law: AustraliaCase law: United KingdomCase law: United States Case law: International & otherLegislation: AustraliaLegislation: United StatesInternational AgreementsNext Page – I. IntroductionVII. Conclusion
VIII. Bibliography
