Pension funds suffer in latest round of Eiopa stress-testing
Only 30% of funds have policies in place to mitigate ESG risk
Most pension funds in the European economic area have taken “appropriate steps” to identify environmental, social and governance (ESG) risks in their investment decisions, but few have processes in place to manage the risks, according to the results of recent stress tests.
The European Insurance and Occupational Pensions Authority (Eiopa) published the results of its 2019 occupational pensions stress tests in December. It was the first exercise that analysed ESG factors with regard to pension
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