Affiliation:
1. School of Business and Economics, Maastricht University and International Centre for Pension Management
2. School of Business and Economics, Maastricht University
Abstract
Abstract
The United Nations’ Sustainable Development Goals (SDGs) have created societal and political pressure for pension funds to address sustainable investing. We run two field surveys (n = 1,669, n = 3,186) with a pension fund that grants its members a real vote on its sustainable-investment policy. Two-thirds of participants are willing to expand the fund’s engagement with companies based on selected SDGs, even when they expect engagement to hurt financial performance. Support remains strong after the fund implements the choice. A key reason is participants’ strong social preferences.
Publisher
Oxford University Press (OUP)
Subject
Economics and Econometrics,Finance,Accounting
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