My research is on the links between financial and environmental performance, and the tools that can be used be used to attract – or drive – more investment into better performance. The legal aspects of these issues are the starting point for my work – whether they are agreed by investors (contracts) or imposed by governments (statutes, regulations, common law, treaties). Incorporating these legal tools into integrated frameworks for considering the biophysical, business and political aspects of land and water issues as part of efforts to improve performance is where most of my work is focused. Three major types of legal tools are being applied to attract or drive private investment into improved environmental performance:
• Enhancing the information going to investors, either through market or government-driven requirements (corporate reporting, product certification, etc.);
• Changing the market frameworks and incentives affecting investor decision-making, such as regulatory requirements and property rights; and
• Sharing investments with the public sector, in either passive (subsidies) or active (business partnerships) manners.