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Pension Funds and Sustainable Investment: Challenges and Opportunities

Name: Pension Funds and Sustainable Investment: Challenges and Opportunities
SKU: EB-51787468
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Pension Funds and Sustainable Investment: Challenges and Opportunities Olivia Mitchell Digital Instant Download

Author(s): Olivia Mitchell

ISBN(s): 9780192889195, 0192889192

File Details: PDF, 3.25 MB

Year: 2023

Language: English

SKU: EB-51787468 Category: Business & Economics - Investing Tags: Olivia Mitchell, Pension Funds, Sustainable Investment

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Pension Funds and Sustainable Investment: Challenges and Opportunities – Ebook Instant Download/Delivery ISBN(s): 9780192889195,0192889192,9780192889218, 0192889214

Product details:

ISBN-10 ‏ : ‎ 0192889214
ISBN-13 ‏ : ‎ 9780192889218
Author: Olivia Mitchell

Since its green shoots first emerged around 50 years ago, acceptance of environmental, social, and governance (ESG) considerations in institutional investing-especially at 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 companies’ behaviors show that this rarely occurs. Accordingly, this book offers a variety of distinct viewpoints from a variety of countries, on whether, how, and when ESG criteria should, and should not, drive pension fund investments. The authors also find that policymakers should consider fund consolidation in private sector retirement systems, along with whether service-provider incentives could be better be 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.

Table contents:

1. Sustainable Investment in Retirement Funds: Introduction

Part I. Defining and Measuring Sustainable Objectives and Outcomes

2. Pensions and ESG: An Institutional and Historical Perspective

3. The Origins of ESG in Pensions: Strategies and Outcomes

4. ESG Investing: Financial Materiality and Social Objectives

Part II. The Evolution of Pension ESG Investing

5. ESG and Expected Returns on Equities: The Case of Environmental Ratings

6. ESG and Downside Risks: Implications for Pension Funds

7. Global Pensions and ESG: Is There a Better Way?

Part III. Impacts of ESG on Pension Governance, Investments, Structures, and Reporting

8. Eliciting Pension Beneficiaries’ Sustainability Preferences: Why and How?