The OECD and the International Organisation of Pension Supervisors regulation continue to advance the consideration of environmental, social and governance (ESG) factors in pension investing. At a recent joint meeting, the OECD and IOPS discussed proposing changes to their guiding principles for the regulation of private pension plans, the “Principles of Private Pension Supervision”, and one of the more substantive proposed changes raised is to add a provision that pension supervisors identify, monitor and analyze ESG factors that may impact pension funds and pension markets and use this information in the supervision of the funds.
The attached article outlines what that may entail and some questions that were raised at the meeting, and what next steps may be taken.
