NAPF Engagement Survey
NAPF Engagement Survey

This report presents the findings of the NAPF’s tenth annual survey of pension funds engagement with investee companies. The core findings of this year’s Engagement Survey are:

  • There is a near consensus from pension funds that they have stewardship responsibilities.
  • The vast majority (80%) of respondents are taking the stewardship activities and policies of managers into account when selecting managers.
  • Over a quarter of respondents have active equity mandates which stretch beyond a decade and indeed over two thirds of passive equity mandates exceed a decade.
  • Not a single respondent disagreed with the assertion that consideration of risks to a company’s long-term sustainability, such as environmental, social or governance factors (often referred to as “ESG” factors) is compatible with a pension fund’s fiduciary duty.

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