Sustainable finance represents a tremendous occasion for institutional investors globally, especially in lower-middle to low-income countries. For instance, in these country groups the share of global energy investment was 14% for a population representing a share of 42% of the total. Sovereign...

Sovereign wealth funds are designed to solve crucial domestic policy problems. Poorly managed SWFs and SWFs that are managed as tools of economic nationalism or mercantilism will present problems for both the sponsor country and for host countries that receive SWF investment. This article...

As Sovereign wealth funds (SWFs) mature and as the literature describing and analyzing SWFs continues to develop, some of the primary concerns that initially animated SWF analysis — namely, SWFs as a sign of shifting financial power, SWFs as potential political actors, and the corresponding...

Sovereign investors are increasingly engaged in sustainable investing in both international markets and their own domestic markets. This paper argues that sovereigns are uniquely positioned to spark sustainable investment and explains why sovereign-led development of sustainable markets will be...

Calls for increased focus on ESG issues—and more particularly, on the kind of sustainable investing that will help achieve the U.N.’s Sustainable Development Goals (SDGs)—run up against durable legal rules and norms of profit maximization. Corporate law, and especially Delaware law,...

This chapter, prepared for the Edward Elgar Research Handbook on Climate Finance and Investment Law (2020, Michael Mehling and Harro van Asselt (eds.)), examines the rise of green bonds, climate bonds, and other green financial instruments. Although climate finance has enjoyed positive momentum...

Discussions of corporate governance often focus solely on the attractiveness of firms to investors, but it is also true that firms seek out preferred investors. What, then, are the characteristics of an attractive investor? With nearly $6 trillion in assets, sovereign wealth funds (SWFs) are...