Launched in 2011, the Sustainable Returns for Pensions and Society project set out to empower South African retirement funds to comply with revised Regulation 28 of the Pension Funds Act and the voluntary Code for Responsible Investing in South Africa (CRISA).
These call for integration of environmental, social, and corporate governance (ESG) factors in pension fund investment decisions. A comprehensive industry engagement informed the release in September 2013 of “Responsible Investment and Ownership – A Guide for Pension Funds in South Africa”.
“South Africa’s retirement fund industry is one of the largest in the world and is at the forefront of global best practice in retirement fund governance.
The investment decisions of the country’s retirement funds have a direct bearing on pensioners and the society they will retire in. Their size means they have unprecedented power to secure sustainable longer-term returns by insisting on high standards of Environmental care, Social concern, and better Governance in the assets in which they invest.”
Pravin Gordhan, Minister of Finance, South Africa
About the authors
The Guide was prepared on behalf of the Sustainable Returns initiative by Delsus Limited and Genesis Analytics