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Title:European directive aims towards an increase in social responsible pension funds
Date of publishing:December 16, 2016
Hits:2980
Category:News
Language:English
Also available in the following languages:Dutch, French

European directive aims towards an increase in social responsible pension funds
December 16, 2016

Belgian pension funds face a new challenge: the European council has approved a directive concerning second pillar pension funds on 8 December 2016. This new directive can be found here.

This directive includes important provisions regarding social responsible investing:

1.      Pension funds will be obliged to take on sustainability in the investment policies.

2.      Pension funds are ought to assess the risks of climate change to ensure intergenerational

         spread of risks and benefits of the pension scheme.

3.      Pension funds can no longer apply the financial return as the sole argument for its investments.

4.      Pension funds should be transparent about their sustainability policy.

Member states have 24 months to implement the directive into laws and regulations.

Forum Ethibel welcomes this initiative and would like to with Belgian pension funds to help to implement this directive, including inter alia by organising training and providing advice on the sustainability of investment portfolios.