Pension funds are in the process of concretizing sustainability risks in the risk management cycle. DNB has published guidelines for this with the Good Practice ESG Risk Management for Pension Funds (hereafter Good Practice). Moreover, this initiative is also supported from SFDR with the encouragement of transparency and CSRD has recently strengthened its reporting requirements with a double materiality assessment. However, we see that integration is not yet at an appropriate level and pension funds are still looking for the optimal approach. A pragmatic approach is a good way to address the challenges. This article is only available in Dutch.
New risks are turning custody into a strategic theme
Custody and administration once seemed like invisible back-office tasks, but they have now evolved into...
