There are some common myths about the compatibility of impact investing with pension trustees’ fiduciary duty – the legal obligation on trustees to act in the best interest of the scheme’s members. Some people understand this duty to be synonymous with maximising short-term financial return, some people think that impact investing means you have to sacrifice a financial return.

We produced a paper that explains how fiduciary duty and impact investing are compatible, written and attested by five leading law firms and reviewed by a number of other lawyers and experts.