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SpanishPensions at Work: Socially Responsible Investment of Union-Based Pension Funds
By Jack Quarter, Isla Carmichael & Sherida Ryan
The concentrated nature of share ownership on the world’s capital markets means that large institutional investors – insurance companies, mutual funds, and pension funds – own the bulk of the world’s listed companies. In many countries, a significant portion of these shareholdings is held in workers’ retirement savings, pension funds, and other investment vehicles – workers’ capital.
As beneficial owners of these deferred wages, workers are theindirectowners of a substantial portion of the world’s equities. According to a 2002 estimate, workers’ retirement savings and pension funds total more than US$11 trillion globally, and it has been estimated that pension fund holdings…
Full Content: J Stor
