Changing asset manager mandates is one of the few downstream options available to pension funds looking to drive sustainability under conditions of asymmetric autonomy. Its decarbonization impact is limited but it may trigger market dynamics.
More in our paper w/
@nataschavanderzwan.bsky.social
Asymmetric autonomy: pension fund investing between members and markets
Abstract. Pension funds occupy a special position in the financial system: their long-term investment orientation and social outlook have led to calls for