Hymans Robertson has joined the impact investment community Pensions for Purpose.
The pension and financial services consultants say membership is part of its ongoing commitment to responsible investment as it continues its focus on helping clients manage the challenges and opportunities relating to environmental, social and governance (ESG) requirements.
The announcement comes the UN-backed Intergovernmental Panel on Climate Change (IPCC) launched a new stark ‘code red’ warning that action to combat climate change was urgently needed, after scientists concluded all evidence pointed to this being driven by human activity.
Last month Hymans launched a new action group, the Climate Impact initiative, with the aim of encouraging pension providers to offer climate friendly investment options. This initiative which was supported by Pensions for Purpose.
Hymans has also pledged to halve its current carbon footprint and offset its historic cabron emissions by 2025.
Simon Jones, head of responsible investment at Hymans Robertson says: “We recognise that pension funds need to focus not just on how ESG and climate risks affect them, but also how the decisions that they take impact on the real world.
“Addressing challenges such as climate change requires asset owners to be instigators of change, whether that be through the strategies in which they invest or the accountability they demand from others.
“The climate pledge we made earlier this year matters to us, both in our role as advisors within the pensions industry, but also as members of a society that is facing a systemic risk. We acknowledged the need to collaborate to achieve impact and through both our Climate Impact Initiative and now our membership of Pensions for Purpose, we are fulfilling our commitment to work with others and drive action.”
Charlotte O’Leary, CEO of Pensions for Purpose adds: “Pensions for Purpose has stood out as a leader in impact investing since its launch in 2017, however it is only through collaboration that we can achieve our mission of getting more capital to flow towards investments that have a positive impact on society and the environment.
“Investment consultants, as the gatekeepers for pension fund investments, play a significant and pivotal role so we are incredibly pleased to have Hymans Robertson join the Pensions for Purpose community. This demonstrates to Hymans Robertson’s clients the significance they place on understanding real world outcomes when investing.”