Get Real! Individuals Prefer More Sustainable Investments
Будьте реалистами! Люди предпочитают более устойчивые инвестиции
2021-04-12
SCID: 54.1/q26qcw2r
Discuss with AI
Sustainable Development Goalspension fundsreal votesocial preferencessustainable investments
Figures from the paper
Abstract (AI)
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.
Key Findings
1
Approximately two-thirds of participants supported expanding engagement with companies based on selected Sustainable Development Goals.
2
Participants supported stronger sustainability engagement even when they expected it to reduce financial performance.
3
Strong social preferences were identified as a key reason participants favored more sustainable investments.
4
Support for the selected sustainable-investment policy remained strong after the pension fund implemented members’ choice.
5
Two field surveys involving 1,669 and 3,186 pension-fund members examined preferences for sustainable-investment policy through a real member vote.
Research Object
pension-fund members’ sustainable-investment policy preferences
Research Subject
willingness to expand company engagement based on selected SDGs despite expected financial-performance losses, and the role of social preferences
Publication Details
Publication Date
2021-04-12
Journal
Publisher
ISSN
Cited by
500
Open access PDF
Access Type
Author Information
Download PDF
Subscribe to digest