Just Pensions - Will UK Pension Funds Become More Responsible?
Responsible business behaviour is becoming more important for UK pension funds, according to new Ashridge research commissioned by Just Pensions – a programme of the UK Social Investment Forum (UKSIF). Pension fund trustees increasingly believe that long term shareholder value is impacted by factors such as good corporate governance, quality of customer relations, effective environmental management, communication and transparency on social and environmental practices and good employment practices. This is translating into changing investment practice, with significant growth in the number of funds engaging with investee companies and exercising voting rights. A majority of trustees also believe government should introduce more legislation and regulation in this area.
Gribben, C. & Gitsham, M. (2006) Will UK Pension Funds Become More Responsible?, Just Pensions/Ashridge Research