Responsible Investment of Pension Funds; Ethical Considerations and Challenges

Articles in Press

Document Type : Research Article

Authors

1 PhD student in private law, Faculty of Law, Theology and Political Sciences, Research Sciences Unit, Islamic Azad University, Tehran, Iran

2 Assistant professor, Department of private law, college of law and political science, Tehran science and research branch, Islamic Azad university, Tehran, Iran

3 prof. azad.

Abstract

As the most important actors of social security systems, pension funds follow certain principles in their investments; One of these principles is the principle of responsible investment, meaning investment taking into account ethical, environmental, social and good governance considerations. The emphasis on responsible investment by international organizations and the tendency of many pension funds in the United States of America, the United Kingdom and the European Union member states to do so indicate the importance of the issue. For this reason, the current article has investigated the responsible investment of pension funds using the descriptive-analytical method and based on library studies. The findings of this article indicate that pension funds in countries have different approaches to responsible investment; So that some of them strictly follow the rules of responsible investment; Some others try to comply with this principle to some extent, and another group of funds do not pay any attention to complying with this principle. The approach of these last two groups of funds is mainly due to the lack of knowledge required for responsible investment, the difficulty of choosing a portfolio and the high cost of this type of investment.

Keywords

Main Subjects

Private Law

Articles in Press, Accepted Manuscript
Available Online from 17 October 2023

Files

Share

How to cite

Statistics