LONDON: Pension fund managers are starting to see sexual harassment as a material risk to their investments, and they’re going to be asking more questions.
AP2, a US$38.5bil Swedish state pension fund, is considering ways to evaluate private equity firms on their policies around the issue, making it one of the biggest international investors put sexual misconduct on its radar for due diligence. Earlier this year, the US$350bil California Public Employees’ Retirement System updated its governance policies to urge companies to disclose more about sexual-harassment settlements and their preventative policies.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
