3 April 2023 – Global Impact Forum online asset owner event with Goldman Sachs Asset Management and Tesco Pension Fund

From ESG to impact: the Tesco Pension Fund journey

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This fireside chat looked at how Tesco pension fund has progressed their thinking and implementation on ESG and impact in light of the continually evolving sustainable investment landscape.

This was chaired and moderated by Martin Pattinson, with questions from the Global Impact Forum’s sponsor Christy Jesudasan of Goldman Sachs Asset Management to Ruston Smith of the Tesco Pension Fund.  

Asset owners had the opportunity to ask questions and participate in this peer-to-peer discussion following the fireside chat. 

This was then be followed by a roundup of the session and final thoughts from Ruston, Christy and Martin.

Who was this event for?

This event was only opened to asset owners such as pension fund trustees, in-house executives and independent advisers, professional trustees, government representatives and consultants.

Speakers’ biographies


Ruston Smith, Chair, Tesco Pension Fund


Ruston Smith
Ruston has over 35 years experience in the pension fund and investment  industry. He is now the Chair of the Tesco Pension Fund (DB and DC) and Tesco Pension Investment Ltd, Non Executive Chair of JP Morgan Asset Management (UK and EMEA), Non Executive Chair of Smart Pension Ltd, Non Executive Chair of Zedra Governance Ltd, Non Executive Chair of the Pensions Management Institute, Independent Trustee and Chair of the Funding and Investment Committee for the BAE Pension Fund, Chair of the AMX Advisory Board, Governor of the PPI and Chair of GroceryAid.

He was on the Bank of England, Treasury and FCA’s Steering Group on Investment in Productive Finance and is also involved with other industry initiatives.

He was Co Chair of the DWP’s 2017 Auto Enrolment Review Board, led the Simpler Annual Statement initiative launched in 2018, chaired the cross regulator and industry ‘Standardised Assumptions Group’, led the recently published Member Costs and Charges Initiative, and was on the Treasury’s Patient Capital DC Steering Group. He is also a former Chair of the Pensions and Lifetime Savings Association.

Christy Jesudasan, Head of UK Fiduciary Management Sales, Goldman Sachs Asset Management


Christy JesudasanChristy joined Goldman Sachs in 2021 to lead the sales and distribution of its UK fiduciary management business. Prior to joining Goldman Sachs Asset Management, Christy grew fiduciary management businesses at BMO, Kempen and Mercer.

As an institutional specialist with 25 years of client-facing and sales experience within the pension and investment industry, he brings a wealth of experience in engaging with pension scheme trustees, corporate sponsors and third-party evaluators.

Christy earned a BSc in Mathematics and Management from King’s College London in 1997.

Global Impact Forum

The Global Impact Forum is an industry-wide member forum hosted by Pensions for Purpose to facilitate meaningful industry discussions on how to embed social and environmental impacts at a strategic level, including in governance discussions, to encourage the flow of capital towards investments that have a positive impact.

Pensions for Purpose

Pensions for Purpose exists as a bridge between asset managers, pension funds and their professional advisers, to encourage the flow of capital towards impact investment. Our aim is to empower pension funds to seek positive impact opportunities and mitigate negative impact risks. For membership information, please email our Membership Manager.

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