Iceland’s pension funds sign sustainable investment declaration
Pension funds in Iceland have indicated their collective commitment to promoting sustainable development through investments, joining major players in the country’s financial sector by signing a letter of intent – alongside Prime Minister Katrín Jakobsdóttir.
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In the open letter signed last week, a range of pension funds and banks declared that capital was an important driving force in shaping the economy and society as a whole, and that using it properly to a large extent determined the competitiveness of nations and the future of generations to come.
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“Investors, financial companies, institutions and governments therefore play an important role in shaping the economy and communities,” the signatories wrote.
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Jakobsdóttir said socially-responsible thinking and sustainable development was a common thread in her government’s charter, and that governments, companies and institutions should take responsibility and have a constructive impact on society.
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