Pension Funds

In 1998 a Code of Best Practice for the Management of Savings, Retirement and Pension Funds was published following a series of conferences organised jointly by Euresa and the European Trade Union Confederation (seminars in Lisbon, London, Stockholm, etc.) This Code encourages trade unions, in their capacity as representatives of the salary-owners of these funds (deferred salaries) to play a greater role in the choice of investments by these funds and in their managerial and governing bodies. It also calls on these funds to make use of social responsibility and sustainable economy criteria when making these choices. In other words, there should be a double set of criteria: financial, of course, but also ethical, social responsibility and sustainable development ones.