University of Twente Student Theses


Driving factors for sustainable investments by Dutch pension funds

Tempert, Eline (2023) Driving factors for sustainable investments by Dutch pension funds.

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Abstract:This research is about the driving factors for sustainable investments by Dutch pension funds. Because the Netherlands has a big and strong pension system, Dutch pension funds can boost sustainability by increasing their percentage of sustainable investments. This research focuses on three factors driving sustainable investments by pension funds: pension fund size, type, and board composition. We found that larger funds are able to customise investment strategies based on beneficiary preferences due to their abundant resources and access to economies of scale. Besides this, we found that the type of Dutch pension fund has no impact on the percentage of sustainable investments. When analysing the effect of pension fund boards on the percentage of sustainable investments, we found that the size and diversity of the pension fund board have a positive correlation with the level of sustainable investments. To increase the share of sustainable investments, pension funds may consider merging with others to combine their financial resources, possibly leading to a greater contribution to sustainability. Furthermore, pension funds may want to reconsider their board structure, since larger and more diverse boards tend to have greater percentages of sustainable investments.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:43 environmental science, 83 economics, 85 business administration, organizational science
Programme:Business Administration MSc (60644)
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