Pension funds and other asset owners worldwide
are striving to adopt higher transparency and disclosure standards for the benefit of their stakeholders. Where is
your fund in this journey? More importantly, how will you keep up with industry best practices?
With mounting pressure and scrutiny from media, regulators, boards, peers, and the public to improve public disclosures,
the industry is speeding up the implementation of transparency best practices for the benefit of their beneficiaries,
stakeholders, and ultimately: the world.
Transparency is a critical practice that impacts the whole organization. From communicating how organizations create
value for stakeholders, to the disclosure of critical governance, performance, cost and responsible investment factors;
transparency remains at the heart of everything an organization does.
Far beyond the moral imperative that recognizes
transparency “is the right thing to do” there is plenty of evidence that shows how greater
transparency leads to better outcomes, including:
Improved decision making. Transparency and accountability go hand in hand.
Clarity of purpose that comes from simplifying and communicating complex issues.
Improved relationships with a broad spectrum of stakeholders including beneficiaries, plan sponsors, regulators, suppliers, and concerned citizens.
Improved stewardship. After all, management’s duty is to do their best to the benefit of their stakeholders.
"Trust is a critically important success factor. Transparency builds trust. Transparency is the right thing to do and the
smart thing to do."
- Mike Heale, CEM Benchmarking
To support asset owners in this goal, CEM has created a Transparency Benchmark.
This is a strategic tool that helps funds speed up the implementation of transparency best practices and builds a
great foundation for transparency leadership in our industry.
How does the Transparency Benchmark work?
The CEM Transparency Benchmark is a comprehensive assessment that
covers major impact areas and consider critical goals in your transparency journey.
It will help you:
Get a third-party Transparency Assessment
Demonstrate Transparency Efforts
Identify Gaps for Improvements
Implement Best Practices
Across Four Major Strategic Impact Areas
The CEM Transparency Benchmark provides insights into four impact areas.
Governance and Organization
Responsible Investing (RI)
Specifically, the CEM Transparency Benchmark will help your fund:
1. See and compare your transparency results:
Get a custom comparison report that ranks your fund
against 75 leading funds from 15 countries, across four major impact areas;
Costs, Performance, Governance, and Responsible Investing; and 188 key metrics.
4 Impact Areas
188 Key Metrics
Governance and Organization 34 disclosure elements scored
Structure and Mission
Board Competencies and Qualifications
Compensation and Human Resources
Performance 43 disclosure elements scored
Returns and Value-added: Time Periods & Clarity
Risk Policies and Measures
Portfolio Structure and Explanation of Results
Member Service Goals, Plans, and Levels*
Funded Status and Related Discussion
Costs 57 disclosure elements scored
Total Fund Level
Asset Class or Investment Option Level
External Management Fees
Member Service and Administration Costs*
Responsible Investing 54 disclosure elements scored
Responsible Investing Governance
Organizational Framework and Reporting
Implementation: Exclusion; Active Ownership; Impact Investing; ESG Integration
2. Demonstrate impact areas where you excel and identify improvement opportunities.
Our report helps you demonstrate areas where you excel; identify gaps in your
disclosures; and highlight improvements possibilities in your journey towards transparency excellence.
3. Learn best practices:
Get a comprehensive collection of transparency best practices with
clear examples that show you how you can improve your disclosures.
4. Ensure that you are a transparency leader:
Far beyond scores and rankings, CEM’s Transparency Benchmark helps you set a
solid foundation toward excellence in transparency.
5. Support from the world’s leader in pension fund benchmarking:
CEM reviews, compares, and scores your public disclosures.
No survey or work on your part.
Interactive meetings to discuss your transparency results and improvement possibilities.
We guarantee confidentiality of your Transparency Benchmark results.
Objective, independent, third-party assessment from the world’s leader in pension fund benchmarking
The journey to improve transparency doesn’t have to be complex…
And transparency benchmarking is the first step.
What to do next?
If you want to discover how CEM’s Transparency Benchmark can help your organization improve
transparency, inquire about our Transparency Report. Click the button below and fill out
the form on the next page. Our team will contact you shortly to discuss. Hope to meet