Clara-Pensions has pledged to have its entire investment portfolio net zero by 2050.
The move will apply to all assets held by both Clara-Pensions and the Clara Pension Trust.
It has set a short term aim to have an aligned path to achieving the Paris Agreement aims for its investments by 2025, to extend this to non-listed investments by 2030 and eventually have all of these hitting net zero by 2050.
The firm has partnered with Kempen Capital Management to have its targets reviewed and for continual improvement on policy.
Simon True, Clara CEO, said: “Today’s announcement shows that alongside this commitment, we can choose to invest our assets in a way that protects both the financial future of our members and the future of our planet.
“For members, trustees and sponsors, a transfer to Clara can be both safer and greener than the status quo.”