Action Steps for Pension Funds

Defining Momentum

Adopting RI policies and putting in place the management systems to implement them takes time, and this requires a phased, strategic approach. Pension funds are therefore encouraged to take a multi-year perspective on phased implementation and to report on progress annually.

This brochure contains the Action Steps identified in “Responsible Investment and Ownership – A Guide for Pension Funds in South Africa”.

Four stages of progress have been identified to provide fund boards with typical action steps for setting and monitoring targets. This timetable is intended as a guide rather than a precise formula, and, in practice, the best sequence of steps will vary from fund to fund.

In consultation with the National Treasury and the Financial Services Board (FSB), the Sustainable Returns Steering Committee recommends that pension funds should regard the timetable as being both desirable and achievable.