The 2023 Global Pension Transparency Benchmark results show signs of progress in the financial industry. Norway’s Government Pension Fund Global (Norges Bank Investment Management) taking the top spot reflects a heightened focus on transparency and improved practices among the world’s largest funds. The competition was tight, with CPP Investments | Investissements RPC and AustralianSuper trailing closely behind. It’s encouraging to see that 77% of funds have made improvements in their transparency scores, indicating a growing commitment to openness.
The benchmark’s influence, which is a collaboration between Top1000funds.com and CEM Benchmarking Inc. is evident in the substantial increases in transparency among the top-ranking funds. This initiative, measuring disclosures across various key elements, is driving meaningful discussions on transparency and communication quality. The industry’s positive response to the benchmark shows how seriously funds are taking transparency, and their efforts towards improvement are commendable.
By embracing a more holistic concept of transparency, including governance, strategy, value generation, and sustainability, the benchmark is positively reshaping the transparency narrative in the fund management world.