Pensions for Purpose is proud to share the news that the Investment Consultants Sustainability Working Group (ICSWG) of 17 UK firms has endorsed the Impact Investing Principles for Pensions. The Principles were developed by the Impact Investing Institute in partnership with Pensions for Purpose as four good governance steps on how to initiate, implement, review and measure an impact strategy. We are steadily building a strong network of pension fund, investment consultant and fiduciary manager adopters, as well as supporters.
Why does this deserve your attention? As a result of auto-enrolment, more of us than ever are investing in a pension fund and that money is invested to provide pension fund members with a secure income in retirement. To what extent we can mitigate negative impacts and find positive impacts is down to whether we choose to ask the question: what am I invested in? We have to understand what the impacts are and where the opportunities lie. The risks of not having this transparency will be significant as we transition to a more sustainable economy. That is why getting the support of the investment consultants, who are heavily relied on for investment advice by pension funds, represents a significant step.
The ICSWG’s statement signals a proactive approach whereby pension funds should feel confident in getting appropriate advice around impact investing from their consultant.
Pensions for Purpose looks forward to seeing many more of the 17 members of the ICSWG signing up as adopters of the Impact Investing Principles. The 17 members are: Aon, Barnett Waddingham, bfinance, Buck, Cambridge Associates, Cardano, Hymans Robertson, ISIO, LCP, Mercer, MJ Hudson Allenbridge, Momentum, Redington, River and Mercantile, SEI, Willis Towers Watson and XPS Investment.
To read the full ICSWG press release please click on the button below.