![]() “As one of the first master trusts in the UK to appoint a Head of Sustainable Investing, we applaud the further measures that Smart Pension will take – such as proactive impact investment into solutions that actively tackle climate change and social issues. In pledging to take action now and make these changes in advance of the deadlines, Smart aligns itself with the aims of the Paris Climate Agreement that seek to limit global warming to a maximum of 1.5 degrees Celsius and avoids paying corporate lip service. Richard Curtis, Co-Founder of Make My Money Matter said: “Smart Pension’s announcement sets a glowing example for the pensions industry. The announcement aligns Smart with pension industry giants who have contributed to the now over 13 million UK Net Zero pensions since Make My Money Matter’s campaign launched last year. As you can expect with Smart Pension we are looking to bring real innovation in this space for the benefit of society and our members, and plan to make some further exciting announcements over the coming months.” “We are really excited about the difference our scheme can make over the short and medium term, and are currently actively working with our partners to develop funds that actually decarbonise the economy rather than offsetting in other ways – which does not address the real problem. “Having repositioned the Smart Pension default investment strategy to focus on companies with high Environmental, Social and Governance (ESG) scores, and with an upcoming additional allocation to Social Impact, we’re delighted to further underline our commitment to sustainable investing by partnering with Make My Money Matter. But achieving great risk-adjusted returns for members while investing for long term environmental and societal benefits aren’t mutually exclusive objectives, and it is important that trustees and scheme sponsors grasp the opportunity that this offers. ![]() Paul Bucksey, Managing Director of the Smart Pension Master Trust said: “Climate change is one of the most important issues facing each and every one of us. The transition is expected to have a material impact on the value of investments over each member’s pension lifespan – meaning that the pledge will bring both positive environmental and financial outcomes for Smart Pension’s members. In tackling the negative impacts of climate change, Smart Pension will help to build a better world for its members as they retire. The wellbeing of members remains the driving factor behind Smart Pension’s transition to Net Zero. During Q1 2021, Smart Pension will also introduce an allocation to a new Social Impact Fund, which will capture investment opportunities that offer solutions to broader environmental and social challenges such as healthcare solutions for ageing populations, social housing, technologies to improve the use of water and gender equality in employment. The workplace pension provider sets a comprehensive industry example ahead of a Glaswegian COP26 later this year and, as part of this, will continue to develop its proposition to invest in products that tackle the climate crisis where it is in members’ best interest. Working alongside Richard Curtis’ backed Make My Money Matter, Smart Pension will take action now to make the required changes as it further pledges to halve its scheme emissions significantly earlier than the 2030 deadline to align with the Paris Climate Agreement. ![]() ![]() UK master trust, Smart Pension, has signed up to Make My Money Matter and has pledged to develop its investment approach and commit to Net Zero emissions well ahead of the 2050 deadline outlined by other schemes.
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