Pension Funds Royal Decree, 2002

Spain Current 2002

Royal Decree 1/2002 covers the management of pension funds. It states that the commissions responsible for the management of Spanish pension funds must publish a report including information about the non-financial risks (ethical, social, environmental and governance) related to the investments of the pension funds. It should also describe how these risks are addressed in management policy. The Royal Legislative Decree approved the consolidated text of the Law governing pension schemes and funds (Real Decreto Legislativo 1/2002, por el que se aprueba el texto refundido de la Ley de Regulación de los Planes y Fondos de Pensiones) of 29 November 2002.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

Specific sector/s

Organizations covered by the instrument

Commission responsible for pension funds management

Issuer type

Finance/Treasury

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners