Work

Walk the green talk? A textual analysis of pension funds' disclosures of sustainable investing

Year: 2024

Type: article

Abstract: We analyze the disclosures of sustainable investing by Dutch pension funds in their annual reports by introducing a novel textual analysis approach using state-of-the-art natural language processing techniques to measure the awareness and implementation of sustainable investing. We find that a pension fund's size increases both the awareness and implementation of sustainable investing. Moreover, we analyze the role of signing a sustainable investment initiative. Although signing this initiative increases the specificity of pension fund statements about sustainable investing, we do not find an effect on the implementation of sustainable investing.

Source: Journal of Pensions Economics and Finance

DOI: 10.1017/s147474722400009x

Authors: Rob Bauer, Dirk Broeders, Annick van Ool

Institutions: Maastricht University, European Central Bank, De Nederlandsche Bank

Language: English

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

Funders: Network for Studies on Pensions, Aging and Retirement, Universiteit Maastricht, De Nederlandsche Bank

OpenAlex ID: W4405334998

FWCI: 1.787

Cites: 54

Cited by: 5

Related to: 10