Christian Super has become a signatory to the operating principles for impact management that were developed by the International Finance Corporation.
The $1.5 billion faith-based pension fund has joined 70 other signatories including LeapFrog Investments, MicroVest Capital Management and responsAbility Investments, where Christian Super has a minority stake.
“The fund has been a pioneer in ethical and impact investing for many years,” said chief executive Ross Piper. “The principles represent an important milestone in the continued evolution and growth of impact investing.”
Global Impact Investors Network estimates that that around $502 billion is allocated to impact investing assets around the world. Christian Super said they made their first so-called impact investment in 2006 and established a dedicated portfolio in 2008, which now makes up around 10 per cent of their assets.
The IFC’s principles were launched in April this year.
