Information

Tender reference number	ENV.F.1/ETU/2014/0002.
Title	Study on resource efficiency and fiduciary duties of investors.
Description	The role of investors as owners of part of the economy brings into question the legal interpretation of 'fiduciary duty', or preservation of the investor's best interest, in particular for asset managers, advisors or trustees. It is sometimes argued that fiduciary duty should encompass not only financial interests but also social and moral obligations, including environmental concerns. In addition, more and more studies show that resource efficiency and the environment are relevant in many cases for the financial returns of portfolio, their vulnerability to risk, and their long term resilience. The question of fiduciary duty has also been identified as a key issue in the Resource Efficiency Finance Roundtable.A study on this topic is, therefore, necessary in order to assess the existing frameworks as well as possible courses of action.This study will study existing provisions on fiduciary duty in various Member States and outside the EU, as well as recent work on materiality and legal implications of integrating sustainability issues in fiduciary duty, and explore desirable options for this integration.
Contract type	Services
Procedure type	Open procedure
Status	Closed
Published on TED
Award method	N/A

Milestones

TED publication date	17/04/2014 00:00
Time limit for receipt of requests for documents or accessing documents	N/A
Question deadline	22/05/2014 16:30 UTC+02:00
Answer deadline	23/05/2014 00:00 UTC+02:00
Time limit for receipt of tenders	03/06/2014 16:00
Conditions for opening tenders (date)	17/06/2014 10:30

Lots

The call for tenders has no lots.

Notices

Reference	Notice type	Publication date
2014/S 076-130730	Contract notice	17/04/2014 00:00