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Pension Funds and Sustainable Investment

Challenges and Opportunities

Olivia S Mitchell editor Raimond Maurer editor P Brett Hammond editor

Format:Hardback

Publisher:Oxford University Press

Published:4th May '23

Should be back in stock very soon

Pension Funds and Sustainable Investment cover

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. 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.

The book offers research with case studies from different countries and a range of perspectives. I recommend the book because it adds to our understanding of crucial current topics affecting business, investments, personal planning, and many societal issues. Advisors in particular need to take interest in this topic because of their clients' interests and needs and because it affects retirement investing. * Anna Rappaport, Retirement Management Journal *

ISBN: 9780192889195

Dimensions: 240mm x 155mm x 20mm

Weight: 520g

272 pages