n Without Prejudice - Moving towards a low-carbon economy : financial law

Abstract

Fiduciary duties are duties imposed upon a person who undertakes to exercise a discretionary power in the interests of another person in circumstances that give rise to a relationship of trust and confidence. It is a fundamental principle of our law that institutional investors as fiduciaries must, at all times, act with the utmost good faith and in the best interests of the fund and its beneficiaries (present and future) and with the proper degree of prudence, skill, care and diligence.