Pension Funds and Sustainable Investment

Since its green shoots first emerged around 50 years ago, acceptance of environmental, social, and governance (ESG) considerations in institutional investing—especially in pension funds—has evolved with distinct shifts in investor preferences. This Pension Research Council volume traces these shifts...

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Cyhoeddwyd: Oxford University Press 2023
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collection Directory of Open Access Books
description Since its green shoots first emerged around 50 years ago, acceptance of environmental, social, and governance (ESG) considerations in institutional investing—especially in pension funds—has evolved with distinct shifts in investor preferences. This Pension Research Council volume traces these shifts and their implications, leading up to the present day. The book notes that investors have diverse reasons for devoting attention to ESG criteria when deciding where to invest their money. Some had religious motives, such as Quakers, who focused on values; this approach can offer some risk mitigation. Nevertheless, studies that look at whether divestment actually changes behaviors of companies show that this rarely occurs. Accordingly, this book offers a variety of distinct viewpoints from numerous countries, on whether, how, and when ESG criteria should, and should not, drive pension fund investments. Authors also find that policymakers should consider fund consolidation in private sector retirement systems, along with whether service provider incentives could be better aligned with sustainability incentives. For instance, boosting transparency in these markets would help generate better-informed policies, while providing beneficiaries with information relevant to their savings choices.
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language eng
publishDate 2023
publishDateRange 2023
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spelling doab-20.500.12854ir-1078762025-07-17T10:01:20Z Pension Funds and Sustainable Investment Hammond, Brett Maurer, Raimond Mitchell, Olivia pensions, sustainable investment, ESG, environmental risk, transition risk, political risk, institutional investors thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFP Pensions thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFP Pensions thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities Since its green shoots first emerged around 50 years ago, acceptance of environmental, social, and governance (ESG) considerations in institutional investing—especially in pension funds—has evolved with distinct shifts in investor preferences. This Pension Research Council volume traces these shifts and their implications, leading up to the present day. The book notes that investors have diverse reasons for devoting attention to ESG criteria when deciding where to invest their money. Some had religious motives, such as Quakers, who focused on values; this approach can offer some risk mitigation. Nevertheless, studies that look at whether divestment actually changes behaviors of companies show that this rarely occurs. Accordingly, this book offers a variety of distinct viewpoints from numerous countries, on whether, how, and when ESG criteria should, and should not, drive pension fund investments. Authors also find that policymakers should consider fund consolidation in private sector retirement systems, along with whether service provider incentives could be better aligned with sustainability incentives. For instance, boosting transparency in these markets would help generate better-informed policies, while providing beneficiaries with information relevant to their savings choices. 2023-07-26T18:56:12Z 2023-07-26T18:56:12Z 2023-07-24T08:41:21Z 2023 book OCN: 1380804432 https://library.oapen.org/handle/20.500.12657/64056 https://directory.doabooks.org/handle/20.500.12854/107876 eng open access image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/64056/1/9780192889195.pdf https://library.oapen.org/bitstream/20.500.12657/64056/1/9780192889195.pdf https://library.oapen.org/bitstream/20.500.12657/64056/1/9780192889195.pdf Oxford University Press 10.1093/oso/9780192889195.001.0001 10.1093/oso/9780192889195.001.0001 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 Wharton School, University of Pennsylvania 340b1eee-06cc-49a8-87c2-822e1d60083b 272 Oxford open access
spellingShingle pensions, sustainable investment, ESG, environmental risk, transition risk, political risk, institutional investors
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFP Pensions
thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFP Pensions
thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities
Pension Funds and Sustainable Investment
title Pension Funds and Sustainable Investment
title_full Pension Funds and Sustainable Investment
title_fullStr Pension Funds and Sustainable Investment
title_full_unstemmed Pension Funds and Sustainable Investment
title_short Pension Funds and Sustainable Investment
title_sort pension funds and sustainable investment
topic pensions, sustainable investment, ESG, environmental risk, transition risk, political risk, institutional investors
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFP Pensions
thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFP Pensions
thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities
topic_facet pensions, sustainable investment, ESG, environmental risk, transition risk, political risk, institutional investors
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFP Pensions
thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFP Pensions
thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities
url OCN: 1380804432