Sam Birchall

The US-based social impact fund said all its new portfolio companies were led by founders from underrepresented groups in its 2022 Impact Report.

Managers have responded positively to the D&I challenge over the last year, according to LGT Capital’s latest report.

The pension says its primary focus will be on high-emitting sectors such as power generation, heavy industry, mining and transportation.

Impact performance benchmarks – like GIIN’s IRIS+ – are in their nascency, but there are those that believe they will enter the mainstream.

Areas like steel, cement, agriculture and others are still being starved of the capital needed to decarbonise.