European occupational pension funds align just 4.5% of their equity and corporate bond investments with the EU taxonomy for sustainable activities, according to the European Insurance and Occupational Pensions Authority.
As long-term investors with assets of roughly €2.5 trillion ($2.7 trillion), occupational pension funds in the European Economic Area countries “can play a significant role in putting our economies on a more sustainable track,” EIOPA said in a factsheet published March 14.
Yet so far, those pension funds are aligning just 4.5%, even though another 26.1% of equity and corporate bond investments are eligible for alignment, EIOPA said.
As of the third quarter 2023, the European occupational pension funds covered in the analysis allocated 29% of total assets to equity and corporate bonds, including 12% to corporate bonds and 17.4% to equities.
EU workplace pension funds align little with ESG taxonomy
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