Smart Pension Master Trust, Collegia and River & Mercantile have become the latest adopters of the Impact Investing Principles for Pensions.

As adopters, the schemes have committed to integrating impact investing into their investment strategies, which will require investments to be made with an explicit intention to generate positive, measurable social and environment impact alongside a financial return.

The principles have now been adopted by pension schemes representing more than £16.8bn of assets.

Despite this progress, the Impact Investing Institute pointed out that with 1 per cent pension savings across the 37 OECD countries representing US$320bn, there is "great potential" for pension schemes to help drive the transition to a net-zero economy.

The Investor Forum has also signed up as a supporter of the principles, joining the Institute and Faculty of Actuaries, Investment Consultants Sustainability Working Group, The Global Steering Group for Impact Investment (GSG) and the World Benchmarking Alliance

Impact Investing Institute director and lead expert, Jamie Broderick, commented: “We are delighted that Smart, Collegia and River & Mercantile have adopted the Principles and that The Investor Forum will support them going forwards.

"During COP26, it has never been more vital to consider how big pools of capital such as pension schemes can support a just transition to net zero.”

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