European Pension Funds and Sustainable Development: Trade-Offs between Finance and Responsibility

Riikka Jenni Maria Sievänen, Hannu Juhani Rita, Bert Scholtens

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Pension funds try to account for sustainable development in their operations. This mainly translates in responsible investing. We investigate how this interacts with the financial objectives. We use a survey of 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 regarding their financial performance. Pension funds who integrate sustainable development in their strategy can bring balance between finance and responsibility.
Original languageEnglish
JournalBusiness Strategy and the Environment
Volume26
Issue number7
Pages (from-to)912–926
Number of pages15
ISSN0964-4733
DOIs
Publication statusPublished - 2017
MoE publication typeA1 Journal article-refereed

Fields of Science

  • 1172 Environmental sciences
  • 512 Business and Management
  • sustainable development
  • strategy
  • values
  • finance
  • responsible investment
  • pension funds

Cite this

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abstract = "Pension funds try to account for sustainable development in their operations. This mainly translates in responsible investing. We investigate how this interacts with the financial objectives. We use a survey of 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 regarding their financial performance. Pension funds who integrate sustainable development in their strategy can bring balance between finance and responsibility.",
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European Pension Funds and Sustainable Development : Trade-Offs between Finance and Responsibility. / Sievänen, Riikka Jenni Maria; Rita, Hannu Juhani; Scholtens, Bert.

In: Business Strategy and the Environment, Vol. 26, No. 7, 2017, p. 912–926 .

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - European Pension Funds and Sustainable Development

T2 - Trade-Offs between Finance and Responsibility

AU - Sievänen, Riikka Jenni Maria

AU - Rita, Hannu Juhani

AU - Scholtens, Bert

PY - 2017

Y1 - 2017

N2 - Pension funds try to account for sustainable development in their operations. This mainly translates in responsible investing. We investigate how this interacts with the financial objectives. We use a survey of 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 regarding their financial performance. Pension funds who integrate sustainable development in their strategy can bring balance between finance and responsibility.

AB - Pension funds try to account for sustainable development in their operations. This mainly translates in responsible investing. We investigate how this interacts with the financial objectives. We use a survey of 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 regarding their financial performance. Pension funds who integrate sustainable development in their strategy can bring balance between finance and responsibility.

KW - 1172 Environmental sciences

KW - 512 Business and Management

KW - sustainable development

KW - strategy

KW - values

KW - finance

KW - responsible investment

KW - pension funds

U2 - 10.1002/bse.1954

DO - 10.1002/bse.1954

M3 - Article

VL - 26

SP - 912

EP - 926

JO - Business Strategy and the Environment

JF - Business Strategy and the Environment

SN - 0964-4733

IS - 7

ER -