Smart Pension invests in Mirova Global Green Bond Fund

19 December, 2022

Smart Pension announces its first green bonds investment with the Mirova Global Green Bond Fund

19 December 2022, London. Smart Pension, one of the UK’s leading workplace pension providers, announces its first green bonds investment through the Mirova Global Green Bond Fund. Green bonds are a tool aimed at efficiently addressing climate change and Smart Pension is among one of the first master trusts to invest its default growth fund in green bonds. This continues to put Smart Pension at the forefront of the industry from a sustainability perspective.

Mirova’s Global Green Bond Fund directly funds projects searching for high environmental and social positive impact, therefore making a real difference to the people and planet around us.

Investing in green bonds also aims to improve outcomes for savers in both financial and environmental terms.

The news comes after Smart Pension announced a biodiversity partnership with AXA Investment Managers in October 2022, with the aim of bolstering Smart Pension’s investments into decarbonisation and companies that are addressing biodiversity loss.

In October 2021, Smart Pension signed up to the Institutional Investors Group on Climate Change and also committed to the Impact Investing Institute’s Impact Investing Principles, to support and progress its investment solutions in light of climate change. The Smart Pension Master Trust also invests into a private credit fund whose investment decisions are grounded in ESG principles, providing rare access to this asset class in DC pension schemes.

In June 2022, Smart Pension announced that its default growth fund will be net zero by 2040 and that it is on track to have cut the fund’s emissions by 50% between 2019 and 2025.

Paul Bucksey, Chief Investment Officer at Smart Pension, commented:

“We are focused on achieving great outcomes for our members. We want to help them secure not just long-term financial growth but also a safer, healthier world in which they can retire. The pension industry has a golden opportunity to drive faster decarbonisation, by investing in businesses that are serious about cutting their carbon emissions. Over 70% of our flagship growth fund has been invested in sustainable funds for a while now, and this investment coupled with other recent changes bring us to 100%. We expect these investments will play a key role in achieving our 2040 net zero target.”

Fiona Smith, Investment Proposition Manager at Smart Pension, commented:

“We’re delighted to be partnering with Mirova, a pioneer of green bond investment with deep expertise in the market and strong governance. Mirova provides transparency and traceability to make sure the funds really do make a difference. Green bonds are an important addition to our growth fund because they directly fund environmental projects and have a tangible impact on the world around us. We chose Mirova’s Global Green Bond Fund to incorporate its environmental strategy as we seek to improve results further for our members.”

Hervé Guez, CIO of Equities, Fixed Income and Social Impact Management at Mirova, commented:

“We are grateful to Smart Pension for their trust in our expertise in fixed income and sustainable investing. For 10 years now, we have developed a strong knowledge of the green bond segment, and we are eager to maximize our environmental impact and deliver returns, while helping to safeguard the integrity of this fast-growing market”

See our other articles here

New owners to take Klarna Checkout to the next level

Starling Group achieves third year of profitability

Gordon Wilson joins Smart as new Chair

Disclaimer - Important

THE WEBSITE YOU ARE SEEKING TO ACCESS IS MADE AVAILABLE BY CHRYSALIS INVESTMENTS LIMITED (THE “COMPANY“) IN GOOD FAITH AND IS PROVIDED FOR INFORMATION PURPOSES ONLY.

THE INFORMATION CONTAINED ON THIS WEBSITE IS INTENDED FOR PERSONS IN THE UNITED KINGDOM ONLY AND IN PARTICULAR IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (“EEA”), THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE ITS RELEASE, PUBLICATION OR DISTRIBUTION IS OR MAY BE UNLAWFUL.

Please read this notice carefully – it applies to all persons who view this website. Please note that the terms set out below may be altered or updated without notice. You should read the following provisions in full each time you visit the site.

The information on this website is intended for, and may be accessed only by, persons in the United Kingdom. Viewing the materials you are seeking to access may not be lawful in other jurisdictions.

The information on this website is for information purposes only and does not constitute or form a part of any offer or invitation to sell or issue, or the solicitation of any offer to purchase or subscribe for, securities. Any subscription for securities in the Company may be made only pursuant to a prospectus issued by the Company from time to time that will provide detailed information about the Company and the securities to be offered (the “Prospectus”). Particular attention should be paid to the “Risk Factors” section of the Prospectus which will highlight specific risks relating to the Company.

No securities of the Company have been or will be registered under the US Securities Act of 1933, as amended (the “Securities Act“) or under the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, in or into the United States, or to or for the account or benefit of any US person (within the meaning of Regulation S under the Securities Act). In addition, the Company has not been, and will not be, registered under the United States Investment Company Act of 1940, as amended. There will be no public offer of securities in the United States.

If you are not permitted to view this website or are in any doubt as to whether you are permitted to view this website, please exit this website immediately by clicking on the “Disagree” button below. The contents of this website must not be released or otherwise forwarded, distributed or sent, directly or indirectly, in whole or in part, outside the United Kingdom and in particular in or into any Member State of the EEA, the United States, Australia, Canada, the Republic of South Africa or Japan or any other jurisdiction where the distribution of such materials would or may breach any applicable law or regulation or would require any registration or licensing within such jurisdiction. Persons receiving any such materials (including, without limitation, custodians, nominees and trustees) should observe these restrictions and must not, directly or indirectly, in whole or in part, forward, distribute or send them in, into or from any jurisdiction outside the United Kingdom. Neither the Company, Jupiter Investment Management Limited (the “Investment Adviser”) nor their respective advisers accept any responsibility for any violation by any person of any of these restrictions.

Basis of access

Access to this website is for information purposes only. Any person seeking access to this website represents and warrants to the Company and the Investment Adviser that they are doing so for information purposes only. Making this website available does not constitute an offer to issue or sell or the solicitation of an offer to subscribe for or buy securities in the Company. Further, it does not constitute a recommendation by the Company or the Investment Manager or any associated company or any other person to subscribe for or buy securities in the Company. The information on this website is general in nature and does not in any way constitute investment, tax, legal or other advice.

None of the Company, the Investment Adviser or any other person has, or accepts, any responsibility or duty to update any information, document or announcement contained on this website and the Company reserves the right to add to, remove or amend any information available on this website at any time.

The information on this website is general in nature and may be subject to amendment and updating without notice. None of the Company, the Investment Adviser nor any other person guarantees the accuracy or completeness of any information on this website and each such person disclaims all representations and warranties, whether express or implied, to the greatest extent permitted by applicable law and regulation. By continuing to use this website, you agree to the exclusion by such persons, to the greatest extent permitted by applicable law and regulation, of any and all liability for any direct, indirect, punitive, consequential, incidental, special or other damages, including, without limitation, loss of profits, revenue or data arising out of or relating to the provision of and your use of this website and its content.
Neither the Company, its directors, the Investment Adviser nor any other person accepts any responsibility in respect of any information contained on any other website which may be linked to or from this website.

Use of Cookies

The Company uses cookies to track where you are accessing this website from. For further details of the types of cookie we use please refer to our Privacy and Cookies policy.

Confirmation of understanding and acceptance of terms

Please select your country of residence:

By clicking on the “Agree” button below, you confirm, represent and warrant to the Company and to Merian that you are located in the United Kingdom and you agree that you will not forward, distribute or send any materials contained in this website to any person outside the United Kingdom.

I have read and understood the terms set out above, which I understand may affect my rights and I agree to be bound by those terms. By clicking on the “Agree” button below, I confirm that I am permitted to access the website.