25 APRIL 2024, LONDON – Charlotte O’Leary, CEO for Pensions for Purpose said:

"Pensions for Purpose has long supported the impact investment case – that positive, intentional and additional impact in investing leads to better long-term outcomes for people and planet, alongside profit. After all, there is no greater impact goal than net zero. What has been at odds is the system that has externalised that impact by not recognising those assets and obligations. This has made it harder for asset owners to hold companies to account, to engage and reward the companies that set themselves higher goals.

Rethinking Capital's work on and the consultation process with the IFRS’s International Accounting Standards Board (IASB) on net zero commitments demonstrates the profitability of net zero through the proper use of accounting standards. This momentous step opens the door to environmental and social impact goals being more tangibly recognised, and also highlights how impact is not just achieved through investments but also by systems thinking."