December 2021
29Dec

Green Finance: A Shift Towards Sustainable Economic Growth

By Bazgha Khan & Noria Farooqui Green finance refers to the financial arrangements that are specific to the utilization for projects that are environmentally sustainable or projects that adopt the aspects of global climate change. It’s to extend the level of financial flows from banking, micro-credit, insurance and investment, the public, private and not-for-profit sectors to sustainable development priorities. United Nations Environment Program (UNEP) has been working to align financial systems to the 2030 sustainable development agenda to direct financial flows...

December 29, 2021
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November 2021
24Nov

Why scaling investment is crucial for sustainable development

Global organizations are cooperating on scaling investment to help achieve sustainability goals. Investment promotion needs to change to target sustainable investments, particularly to help reach climate goals. Turkey is implementing this approach by making the SDGs central to its foreign direct investment strategy. Climate change has been on the international agenda for a long time, but recent developments have upped the urgency of taking immediate action for both humanitarian and developmental reasons. World leaders gathered in Glasgow to discuss...

November 24, 2021
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October 2021
19Oct

These Are the World’s Best (And Worst) Pension Systems in 2021

Iceland has the best pension system in the world, according to a global study that shines a light on how nations are preparing their aging populations for retirement. The country took the top spot in the Mercer CFA Institute Global Pension Index published Tuesday, drawing praise for being well governed and providing strong benefits to retirees, including a generous state pension. The Netherlands and Denmark came in second and third respectively after holding the top spots for the past decade. Read...

October 19, 2021
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19Oct

India’s pension system needs impetus to ensure adequate retirement income: study

India needs to undertake strategic reforms to revamp the pension system so as to ensure adequate retirement income, revealed the 2021 Mercer CFA Global Pension Index survey (MCGPI) released on Tuesday. The Indian pension system ranked 40th on the overall index ranking out of 43 systems and had the lowest rank in the adequacy sub-index. The primary objective of this annual survey by Mercer Consulting, a leading global management consulting firm, is to benchmark each retirement income system using more...

October 19, 2021
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19Oct

Irish pensions system at risk, new study says

The €5 hike in the State pension in last week’s budget, along with delays in increasing retirement age and introducing automatic enrolment into savings plans, all threaten the sustainability of the pensions system over the long term, according to a new study. The Mercer study points to considerable future challenges as the population ages due to the topping up of what is described as a “generous” pensions system, and a failure to address core issues. Also adding to the problem is...

October 19, 2021
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07Oct

Sustainability agreements and antitrust – three criteria to distinguish beneficial cooperation from greenwashing

By Maurits Dolmans This paper discusses European competition law as it applies to agreements between market players to reduce, eliminate, or compensate for greenhouse gas emissions. It places these in an economic context, discusses the relevant provisions of the European treaties and applicable case law of the European Court of Justice. It identifies three broad criteria for the non-application of the prohibition of restrictive agreements, or exemption, to sustainability agreements. Source: SSRN 441 views

October 7, 2021
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05Oct

Post-covid pension reforms in Europe should focus on sustainability – leading macroeconomic influencers

The reforms introduced in European pension systems have placed unnecessary burden on younger population. Experts opine that post-Covid reforms should focus on sustainability and equity. Linda Yueh Linda Yueh, economist at the University of Oxford, shared an article on the equity of pension systems in Europe in the post-Covid era. The ageing population in Europe resulted in the implementation of several reforms to ensure the sustainability of the pension system. Major reforms, however, were implemented following the 2007-2008 global financial crisis and...

October 5, 2021
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01Oct

Number of pension age Germans projected to increase 22 pct by 2035: Destatis

The number of people of retirement age in Germany will rise by 22 percent by 2035, the Federal Statistical Office (Destatis) said on Thursday. The number of people aged 67 or over in the country will go up to 20 million, a 22 percent increase from 2020, the first medium-term population projection conducted by Destatis showed. The head of the Federal Employment Agency, Detlef Scheele, was quoted in the media as saying in August that Germany needed 400,000 new workers per...

October 1, 2021
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Values at Work: Sustainable Investing and ESG Reporting

By Daniel C. Esty, Todd Cort Sustainable investing is a rapidly growing and evolving field. With investors expressing ever greater interest in environmental, social, and governance (ESG) metrics and reporting, companies face a sustainability imperative and the need to remake their business models to respond to an array of pressing issues including climate change, air and water pollution, racial justice, workplace diversity, economic inequality, privacy, corporate integrity, and good governance. From equities to fixed income and from private equity to...

October 1, 2021
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September 2021
03Sep

Global Pensions and ESG: Is There A Better Way?

By Luba Nikulina The influence of ESG factors has been growing exponentially in the last five years. This paper explores whether purpose with multiple stakeholders, responsibility for the impact of investments, and system level engagement apply to global pension funds. Aside from government spending, global pension assets represent the largest pool of capital on the planet with the longest time horizon and multiple stakeholders across different generations. The power of influence of this capital is enormous. Many international challenges can...

September 3, 2021
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