DENMARK - Denmark's biggest pension funds will have to report on corporate social responsibility (CSR) as part of new legislation currently under development by the Ministry of Economic and Business Affairs.
The new legislation would affect around 1,000 of the largest pension funds and other institutional investors, as well as businesses of the country.
Christina Gehring, head of section at the Danish government's Centre for CSR, told Global Pensions: "We think these changes are designed specifically to help companies be more attractive to pension funds and we hope they will affect companies' investment strategies.
"We believe it is fundamental that companies say what they are doing in this area and we believe this legislation will make it easier for institutional investors to make investment decisions."
The legislation will be voted on 1 October 2008 and will affect pension funds and companies' reports from 2010 onwards.
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