Sustainability Archives - Pension Policy International

28MarMarch 28, 2025

Considerations on ESG Investment Implementation

By Laura T. Starks Although interest in investing according to environmental, social, and corporate governance (ESG) standards is widespread, investment managers face a number of basic considerations with their portfolio choices. In this article, I give a high-level overview of these considerations within the context of the investor motivation: ESG values, ESG value, or both. These considerations include whether investors should exclude certain firms or use a positive tilt; how they could integrate ESG into an investment approach; the role...

March 28, 2025

Articles, Sustainability2025, ESG, Investment, Regulation

12JulJuly 12, 2024

Sustainable Investing in Pensions: Top Tips for Sponsors of Pension Schemes

By Accounting for Sustainability This top tips guidance is written for organizations that sponsor a pension scheme on the why and how to engage with your pension trustees on sustainable investing. Just as more and more companies are embedding social and environmental risk and opportunity into strategy and decision making, it is vital that their pension schemes follow suit. The impact that climate change and other environmental, social and governance (ESG) risks can have on value and returns is driving changes across...

July 12, 2024

Books, Books, Investment, Reports, Sustainability2024, ESG, Investment, Pension Management, Sustainability, UK

19AprApril 19, 2024

Pension Fund Trustees and Fiduciary Duties: Decision-making in the context of Sustainability and the subject of Climate Change

By Financial Markets Law Committee For pension funds, setting investment strategy, principles and policies and making investment decisions have all become more challenging in the context of sustainability and the subject of climate change. This has given rise to renewed uncertainty over what the “fiduciary duties” or trust duties owed by trustees of pension funds require in this context. Since the pensions sector is a major allocator of capital, legal uncertainties affecting pension fund trustees have the potential to adversely affect...

April 19, 2024

Books, Books, Reports, Sustainability2024, Climate crisis, Pension Management, Regulation, UK

10NovNovember 10, 2023

Sustainability of pension schemes: Building a smooth automatic balance mechanism with an application to the us social security

By Frédéric Gannon, Florence Legros & Vincent Touzé We build a “smooth” automatic balancing mecanism (S-ABM) which would result from an optimal tradeoff between increasing the receipts and reducing the expenditures of a pension scheme. The S-ABM obtains from minimizing a sum of discounted quadratic loss function under the constraint of an intertemporal budget balance. One advantage of this model of “optimal” adjustment is its ability to analyse various configurations in terms of ABMs by controlling the adjustment pace. Notably, this S-ABM...

November 10, 2023

Articles, Sustainability2020, Pension Reform, Social Security

10NovNovember 10, 2023

In search of financially sustainable pension systems: three benchmark models

By Ekaterina Cuéllar, Daniel Gamboa & Waldo Tapia One of the great dilemmas facing countries around the world is to define a pension system that is financially sustainable in the face of increasing life expectancy, falling fertility rates and the consequent lack of generational replacement. Globally, pension reforms in countries with more advanced aging processes have focused on implementing parametric reforms and incorporating automatic adjustments of the main parameters to share productivity, financial and demographic risks. In this article we present the advantages...

November 10, 2023

Articles, Sustainability2023, Aging, Coverage, Pension design

23JulJuly 23, 2023

Providing security, building sustainable futures

By Pension Protection Fund Our purpose is to protect the future of millions of people throughout the UK who belong to defined benefit (DB) pension schemes - 9.6 million as at 31 march 2022. When these schemes fail we’re ready to help. We do this by paying our members, charging a levy and investing for the long term. Read book “here”

July 23, 2023

Books, Books, Reports, Sustainability2023, Climate crisis, Corporate Governance, ESG, Pension Management, UK

09JunJune 9, 2023

Pension Systems (Un)Sustainability and Fiscal Constraints: A Comparative Analysis

By Burkhard Heer, Vito Polito & Michael Wickens Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic uncertainties. These measures reveal that the pension spaces of advanced economies are strikingly different. Most nations have little scope to further finance pensions out of labour income taxation over the next thirty years....

June 9, 2023

Articles, Sustainability2023, Public Pensions, Taxation, US

14OctOctober 14, 2022

Mercer CFA Institute Global Pension Index 2022

By Mercer & CFA Institute Mercer and the CFA Institute released its 14th annual Mercer CFA Institute Global Pension Index (MCGPI). Iceland’s retirement income system has once again topped the list, with The Netherlands and Denmark retaining second and third places respectively in the rankings. As more employers have stepped away from defined benefit (DB) plans, the study also investigates the challenges and opportunities with the global shift towards defined contribution (DC) plans where individuals bear increased financial responsibility. The MCGPI...

October 14, 2022

Adequacy, Books, Books, Sustainability, System Characterization2022, Corporate Governance, Pension design, Pension Management, supervision

08JulJuly 8, 2022

Measurement of ESG Performance: A Study of Indian Companies

By Preeti Sharma, Priyanka Pandey, Vijay Kumar Jain & R. C. Dangwal The present study aims to construct an inclusive, Literature-based, and statistically vetted environmental, social and corporate governance disclosure (ESGD) index, measure the item-wise, theme-wise, and factor-wise ESG performance of the top 80 Indian companies for the period 2013-2016, and examine item-wise, theme-wise and factor-wise variations in ESGD. Content analysis is used to measure the ESG disclosures of the sample companies. To test the variations, skewness, kurtosis, Levene’s, Chi-square,...

July 8, 2022

Articles, Sustainability2022, ESG, India, supervision

03DecDecember 3, 2021

Socially responsible investing

By Charles Stanley Direct The human impact on the environment means changes to the way society and industry operates are necessary, while societal problems such as poverty and inequality need to be tackled. Choosing investments that take account of these issues is what we call “investing with conscience”, or socially responsible investing. Get the book here 450 views

December 3, 2021

Books, Investment, Reports, Sustainability2021, Climate crisis, ESG

March 2025

Considerations on ESG Investment Implementation

July 2024

Sustainable Investing in Pensions: Top Tips for Sponsors of Pension Schemes

April 2024

Pension Fund Trustees and Fiduciary Duties: Decision-making in the context of Sustainability and the subject of Climate Change

November 2023

In search of financially sustainable pension systems: three benchmark models

July 2023

Providing security, building sustainable futures

June 2023

Pension Systems (Un)Sustainability and Fiscal Constraints: A Comparative Analysis

October 2022

Mercer CFA Institute Global Pension Index 2022

July 2022

Measurement of ESG Performance: A Study of Indian Companies

December 2021

Socially responsible investing