• Jump to main content
  • Jump to main navigation
  • About us
  • Careers
  • Diversity & Inclusion
  • Media Centre
  • Contact
  • The Brain
Hymans Robertson
  • Pensions
    • Back to Main Menu
    • Defined Benefit Consulting
      • DB Actuarial
      • DB Investment
      • DB Pensions Administration
      • DB Risk Transfer
      • DB Member Choice – At retirement
      • DB Governance
      • DB Consolidation
      • DB Wind-up
      • DB Endgame Strategy
      • Expert Actuarial Services
      • Fiduciary Oversight
      • Climate Change Services
      • Responsible Investment
      • Project Planning and Management
    • Defined Contribution Consulting
      • DC Pension Strategy
      • DC Scheme Structure
      • DC Investment
      • DC Engagement
      • DC Member Choice - At-retirement
      • DC Governance
      • Guided Outcomes
      • DC Master Trusts
      • Benefits and Rewards Strategy
      • Project Planning and Management
      • Climate Change Services
      • Responsible Investment
      • Communications
    • Public Sector Consulting
      • LGPS Actuarial
      • LGPS Investment
      • LGPS Governance, Administration and Projects
      • LGPS Employers
      • LGPS Online Learning Academy
      • Ill Health Liability Insurance
      • Climate Change Services
      • Responsible Investment
  • Financial Services
    • Back to Main Menu
    • Insurance
      • Longevity Management
      • Product Development
      • Risk and Capital Management
      • Investment and ALM
      • Property and Casualty
      • Regulated Roles
      • Insurance Transactions
      • Project Planning and Management
    • Pension Providers
      • Digital Tools and APIs
      • Competitive Benchmarking
      • Proposition development
      • Operational Support
    • Digital Wealth
      • GO™ For Investment Pathways
      • Economic Scenario Service
      • API Catalogue
      • Strategic Asset Allocation
  • Digital & Innovation
    • Back to Main Menu
    • Digital & Innovation
      • API Catalogue
      • Economic Scenario Service
      • Digital Products
      • PRISM - Digital Pension Administration
    • Economic Scenario Service
      Explore the consequences of today's business decisions
    • Digital and Innovation
      We apply data science, technology expertise and innovation to help our clients build a better financial future.
  • Insights
    • Back to Main Menu
    • See all Insights
      • Webinars
      • Podcasts
      • Research and Publications
      • Blogs
      • Case studies
      • Press Releases
      • Events
    • Webinars
      Register for upcoming webinars as well as visiting our extensive webinar replay library.
    • All Insights
      See our latest thinking.
  • Team
  • About us
  • Careers
  • Diversity & Inclusion
  • Media Centre
  • Contact
  • The Brain
  • Search

Our website uses cookies (what’s this?). These cookies allow us to distinguish you from other users of our website, which helps us improve our website and to deliver many of the functions that make your browser experience more user-friendly. Some of the cookies that we use are essential for parts of the website to operate. By using this website you agree to our use of cookies. To find out more, including how to opt out, please read our Cookies Policy.

OK

Climate Impact Initiative

Hymans Robertson,  Pensions For Purpose, Make My Money Matter, the Impact Investing Institute and Trustees of the Reach Pension Plan would like to invite trustees and governance committees of pensions schemes across the UK, as well as leaders in our industry, to support our aim to make a climate impact option available to all DC members.

We believe a group of pension plans will have the greatest voice to create the demand for providers to develop and make a climate impact option available to up to 4 million DC savers.

You can register your interest in supporting us by signing up below. If the download form doesn’t load click here. Please find more information below, including more on what your commitment would involve.

What commitment does this initiative involve?

Your involvement could be as small as lending your name to support the initiative, or you could help us establish some high-level principles for a climate impact option which will be used to guide providers. Importantly, there is no contractual commitment – we are purely looking for your support to help grow the voice of asset owners and industry leaders to create the demand for providers to address the needs of as many as four million DC savers.

“Register today to help in our efforts. A group of pension plans will have the greatest voice, and pool of assets, to compel providers to make a climate impact option available to members.”

  • Why are we doing this?
  • Why climate impact?

Millions of pension savers crave climate friendly investments but are currently underserved.

The Defined Contribution Investment Forum, in its July 2020 report The Key to Unlocking Member Engagement, found that 30% of members wanted a climate friendly option, and that risk, return and cost were less of a concern for them.

Many small and medium-sized pension plans would struggle to add a climate impact fund for their members due to cost and governance implications. This initiative aims to ensure all members, regardless of the size of their scheme, can get access to a climate impact option.

There could be as many as four million pension savers who do not have access to the investment option they desire. However, we acknowledge that many pension providers have made great strides and others have plans to, but there is so much more that the industry could be doing.

We want to address this mismatch by creating the demand for pension providers to make available a climate option for members, so savers across the UK can choose for their money to have more of a positive impact to address climate change.

The DCIF clearly identified that members care about addressing climate change.

This view is supported by other member studies and anecdotal evidence from recent years. Climate impact investing means that every pound of members’ assets would be invested in companies and projects that are making an intentional and measurable effort to reduce carbon emissions and support our transition to a low carbon world.

We think the transition to a net zero-carbon economy presents some of the best potential opportunities for members to enhance their retirement outcomes.

Impact investing also provides an opportunity to engage much more effectively with members, by demonstrating the positive impact their money is having to address the issues they care about. 

Sign-up

What commitment does this initiative involve?

By lending your support to this initiative, you agree to the use of the name of your pension scheme or organisation so we can create a large voice for providers to take action.

Supporting Statements

Commenting on the importance of working collectively across the pensions market

1/5

While we recognise that a number of providers have made great strides in this by making these options available and many have plans to, there is so much more that the industry could be doing. We believe that working as a united industry, with one voice, can create real change and together we can encourage providers to make climate options available to all members and make a difference.

Callum Stewart

Callum Stewart - Senior DC Investment Consultant at Hymans Robertson

2/5

By working together with Trustees and Governance Committees of other pension plans, I would hope we can compel providers to create a climate impact investment for us all that would offer our members value for money and increased engagement to help produce better retirement outcomes.

Paul Rhodes - Member-Nominated Trustee for Reach Pension Plan

3/5

We believe that this initiative will help raise awareness of the power of our pensions and provide consumers with more voice and choice over where their money goes. This is an important step to ultimately ensuring that all pensions are climate friendly; building a healthy planet as well as securing healthy returns.” 

David Hayman - Campaign Director at Make My Money Matter

4/5

Pensions for Purpose is pleased to support this initiative that will help savers across the UK access a climate impact option in their pension funds.”

Karen Shackleton - Director of Pensions for Purpose

5/5

The Impact Investing Institute is happy to support this initiative that seeks to provide a climate friendly impact investing option for Britain's pension savers.

Sarah Gordon - Chief Executive of the Impact Investing Institute

Subscribe to our news and insights

Menu

About

    • Abelica Global
    • About us
    • Award-winning advice
    • Careers
    • CSR
    • Diversity & Inclusion
    • Our Centenary
    • Hymans Robertson Investment Services
    • Hymans Robertson Personal Wealth

Legal

  • Accessibility
  • Modern Slavery Act Transparency Statement
  • Trust centre
  • Privacy notice
  • Terms of use

Resources

  • Conflicts of Interest
  • Coronavirus (COVID-19)
  • Responsible Investment
  • Gender Pay Gap
  • Sitemap

Contact

  • Our offices
  • Get in touch
  • Subscribe
    • Visit us on Linkedin
    • Visit us on Twitter
    • Visit us on Instagram
    • Visit us on Vimeo
    • Visit us on Spreaker
Hymans Robertson

Copyright © 2022 Hymans Robertson LLP. All rights reserved.