Private equity is the most popular way for UK pension funds to make impact investments, but a wider geographical spread and greater attention to additionality would improve effectiveness, according to Pensions for Purpose.
The standards are intended to provide a baseline for sustainability disclosures that can be widely adopted globally, giving investors insight into how companies are tackling climate change-related impacts.
The hosts say the summit marked a step up in ambitions to reform multilateral institutions and mobilise public and private investment in low-income countries. But its success will be judged in terms of what happens next.
The private debt strategy, which provides long-term expansion debt and technical assistance to support growing agri-businesses, has drawn investment from public and private investors.
The climate fund, which exceeded its original funding goal, aims to support emissions reduction solutions in industries where they are hard to achieve.
The fund, run by Azimut Investments, will provide debt to more than 50 Italian SMEs with a focus on improving environmental and social aspects of their operations.
Clean Energy Ventures has led the financing to support UK-based OXCCU in its quest to develop and market sustainable fuel which it believes can be produced at cost parity with kerosene-based jet fuel.
Pension funds and asset owners should be warming to the potential and necessity of biodiversity-themed investments, according to Pensions for Purpose, which produced the report commissioned by Gresham House.
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