Independent investment consultancy bfinance has announced that it has become an official adopter of the Impact Investing Principles for Pensions from the Impact Investing Institute.
In doing so, bfinance commits to supporting pension fund clients in setting impactful objectives and implementing investment strategies in relation to those objectives and evaluating investment managers’ impact capabilities, it announced.
bfinance’s adoption of the Impact Investing Principles follows the appointment of Sarita Gosrani as ESG director.
bfinance’s commitment to the Impact Investing Principles comes after its recent launch of the Net Zero Investment Consultants Initiative (NZICI). The NZICI details nine specific action points with the goal of global net zero greenhouse gas emissions by 2050 or sooner, and was launched alongside 11 other investment consulting firms.
The endorsement of the Impact Investment Principles is also part of bfinance’s dedicated efforts to assist clients in their journey to net zero.
Gosrani said: “ESG integration is fast becoming a norm, and investors are increasingly wanting to invest with impact. Navigating entry to the rapidly evolving impact product universes across a diverse range of asset classes is not always straight-forward, and asset owners wanting to allocate to impact funds face some distinct challenges, from education on what impact they can have to weeding out the impact washing that is still highly prevalent.”