The Pension Fund Coalition for Inclusive Capitalism

STEERING INVESTMENT AWAY FROM SHORT-TERMISM

The Pension Fund Coalition for Inclusive Capitalism is convening some of the world’s largest pension funds with technical and legal advisors to steer investment away from short-termism. The most powerful lever of investment change lies with asset owners, who can direct asset managers to invest for long-term returns based on social and environmental objectives.

Yet, asset owners currently lack standard contractual language and metrics to mandate and monitor such activity.

Pension Fund Coalition members are working to develop model investment management contract language and tools to help pension funds:

  • Determine ways to integrate into asset management contracts the most material impact-oriented standards for long-term value creation; and
  • assess ways to reward asset management that sustainably rebuilds economies and societies.

 

By developing standard contractual language and tools for use with asset managers and sharing them broadly, Coalition members will provide pension funds with a means to ensure that their capital is being deployed in the best way possible: investing in sustainable companies that address and disclose ESG investment risks and opportunities.

The Pension Fund Coalition for Inclusive Capitalism is an initiative of the Millstein Center for Global Markets and Corporate Ownership at Columbia Law School and the Coalition for Inclusive Capitalism in collaboration with Cleary Gottlieb Steen & Hamilton LLP.

The Plan

Design

investment mandates for long-term value creation based on social and environmental impact

establish

minimum ESG guidelines for contract use

share

findings with asset owners, including pension and sovereign wealth funds

scale

impact globally throughout the investment cycle

Partners and Advisors

Co-Chairs

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Theresa Whitmarsh

Executive Director Washington State Investment Board

Theresa Whitmarsh
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Hiro Mizuno

Former Chief Investment Officer Government Pension Investment Fund (Japan)

Hiro Mizuno
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