August 2018

The UN Pension Board Rejects an Audit of Its Work

The United Nations Pension Board’s recent meeting in Rome ended with a record number of disagreements and much acrimony. The chief cause of distress was the results of the internal governance audit requested last December by the General Assembly. At the meeting, held July 29 to Aug. 3, board members directed much of their angst against recommendations to adjust the makeup of the board of the $65 billion fund to comply with General Assembly resolutions. The resolutions called for fairer...

May 2018

How China can build a more sustainable financial system

Chinese investors should integrate environmental, social and governance concerns into their investment decisions in order to fulfil their duties to their beneficiaries and support the development of China’s Ecological Civilization, according to a new report. Investor duties should also reflect and align with the Chinese government’s Guidelines for Establishing a Green Financial System, the report found. Investor Duties and ESG Integration in China, published in March, is the joint work of the UN Environment Finance Initiative (UNEP FI), the Principles for Responsible Investment (PRI),...

August 2017

Companies, Investors Report on SDG Contributions

August 2017: Companies are continuing to announce plans to align their business goals with the Sustainable Development Goals (SDGs) and to integrate the SDGs into their strategies and plans. Companies in Japan, Kenya and the US have adopted practices to promote sustainability. A Danish pension fund is promoting sustainable infrastructure investment. Other recent private sector contributions include reports on inclusive business models and impact investing. In Japan, Sumitomo Chemical introduced an in-house certification programme for products and technologies that contribute...

Dutch pension funds embrace UN goals

The Dutch pension fund managers PGGM and APG Asset Management have done much of the leg work for other investors wishing to align their investments with the sustainable development goals (SDGs). The two investors are finalising a highly detailed process that identifies classifications where they see potential sustainable development investment (SDIs) opportunities that could transform the United Nations’ targets into tangible returns for institutional investors. The result is investment opportunities linked to 13 of the UN’s 17 SDGs, and they...

June 2017

Factbox: Ageing Europe could benefit from refugees and migrants – U.N.

Refugees and migrants could help Europe support its ageing population and ease the heavy burden on health and social care systems, the United Nations said on Wednesday. An ageing population is the result of increased life expectancy and lower fertility rates, and puts pressure on stretched healthcare systems, pensions and social care. One in four Europeans is aged 60 or older, with the number set to increase, at a time when mistrust of immigrants runs high in many European countries. The 2017...