This paper compares and contrasts mainstream agency theory with financial planning practice in Australia. It appears to be the first attempt to do so. It extends an influential mainstream contribution to the literature on agency theory and then uses this extension, in conjunction with other...
The funds management and superannuation sectors could potentially play a role in providing additional information on long-term climate risks through their investments. However, current incentive structures, which focus on the short-term performance of fund and investment managers, have potentially limited sustainability factors investment decisions.