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

Riikka Jenni Maria Sievänen, Hannu Juhani Rita, Bert Scholtens

Tutkimustuotos: ArtikkelijulkaisuArtikkeliTieteellinenvertaisarvioitu

Kuvaus

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.
Alkuperäiskielienglanti
LehtiBusiness Strategy and the Environment
Vuosikerta26
Numero7
Sivut912–926
Sivumäärä15
ISSN0964-4733
DOI - pysyväislinkit
TilaJulkaistu - 2017
OKM-julkaisutyyppiA1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä, vertaisarvioitu

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  • 1172 Ympäristötiede
  • 512 Liiketaloustiede

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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.

julkaisussa: Business Strategy and the Environment, Vuosikerta 26, Nro 7, 2017, s. 912–926 .

Tutkimustuotos: ArtikkelijulkaisuArtikkeliTieteellinenvertaisarvioitu

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 -