European pension funds and sustainable development : trade-offs between finance and responsibility
Abstract
Pension funds try to account for sustainable development in their operations. This mainly translates in socially responsible investing. We investigate how this interacts with the financial objectives. We use a survey among more than 250 pension funds based in 15 European countries. Multinomial logistic regression is used to find out how pension funds trade off sustainable development and financial objectives. Our findings suggest that pension funds that have not included responsibility in their strategy and investments have a clear priority for financial performance, whereas pension funds who integrate sustainable development in their strategy can bring balance between finance and responsibility.
Citation
Sievänen , R , Rita , H & Scholtens , B 2017 , ' European pension funds and sustainable development : trade-offs between finance and responsibility ' , Business Strategy and the Environment , vol. 26 , no. 7 , pp. 912-926 . https://doi.org/10.1002/bse.1954
Publication
Business Strategy and the Environment
Status
Peer reviewed
DOI
10.1002/bse.1954ISSN
1099-0836Type
Journal article
Collections
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