This study analyses more than 1,500 firms from 26 developed countries over a 77 months period using ratings supplied by EIRIS. The results show zero indications that the integration of aggregated or disaggregated corporate environmental responsibility ratings into pension fund investment processes has any detrimental financial effect. Hence, it concludes pension funds’ fiduciary duties do not appear to prohibit the integration of environmental responsibility criteria into their investment processes.
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Does pension fund fiduciary duty prohibit the integration of ESG in investment processes
