Stakeholders during the launch of the Nairobi Securities Exchange (NSE) Environmental, Social and Governance (ESG) Disclosures Guidance Manual at the Nairobi Serena Hotel on November 29, 2021. PHOTO | DIANA NGILA | NMG
By the end of 2021, the pension industry’s total assets were Sh1.547 trillion, according to the statistics from the Retirement Benefits Authority. The National Social Security Fund’s assets under management during the period was Sh240.36 billion. These pension funds are to a large extent managed by institutional investors, whether fund managers or asset managers.
Given the huge volume of funds under management by institutional investors, including pension funds and other funds, there is a critical need to ensure that these funds are managed responsibly and sustainably.
