By Susanna Rust2021-04-08T10:15:00+01:00 The Investment Consultants Sustainability Working Group (ICSWG) has endorsed a set of impact investing guidelines for pension schemes, saying their broader adoption would provide a stronger governance framework for investors navigating the subject of impact investment. This in turn could increase the volume of capital directed towards sustainable solutions and supporting much-needed transformations within the global economy, the group suggested. The principles in question were developed by the Impact Investing Institute in partnership with Pensions for Purpose, which is an organisation dedicated to promoting impact investing within the pensions industry. Andrew Lilley, head of responsible investment research at Isio and part of the ICSWG’s impact investing team, said: “Institutional interest in impact investing has increased dramatically, especially over recent years. However, we see a great diversity of approach in implementing impact frameworks as well as inconsistencies in impact reporting.