Dutch pension fund ABP has achieved its target of 20 per cent of its investments contributing to the Sustainable Development Goals (SDG) three years early.

The pension fund’s 2022 annual report showed that 20 per cent of its invested capital was contributing to the SDGs. Its initial aim was to meet this target by 2025. At the end of 2022, it has invested €91.7bn in SDGs, primarily ones that contribute to addressing climate change and for sustainable cities and communities. Furthermore, the pension fund plans to invest a further €570m in a fund, set up by provider ILX, that contributes to SDGs.

The UK’s Standard Life has partnered with Moneyhub to enhance its digital app and dashboard.

It is rolling out its open finance-powered tool, Money Mindset, to its existing 1.5 million workplace pension scheme members. The roll out was announced alongside survey findings from Standard Life, which revealed that nine in 10 employers feel that the financial wellbeing of their employees is important to them. The survey also found that three in four (75 per cent) people do not know how much they have in pension savings and 72 per cent have done little or no planning for their retirement.

The Netherlands’ Philips Pensioenfonds, in collaboration with Qontigo and BlackRock, has aligned its €370m emerging markets equity portfolio with several SDGs.

The mandate, managed by BlackRock, tracks a custom equity benchmark, the iSTOXX PPF Responsible SDG Emerging Markets Index. Using Qontigo’s proprietary optimisation process, the index aims to improve the targeting of SDG exposure by overweighting those emerging market securities that positively contribute to the achievement of four SDGs: Good health and well-being, sustainable cities and communities, responsible consumption and production, and climate action. The equity portfolio represents approximately 2 per cent of the total assets of the pension fund.

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