Smart Pension shortlisted for ESG award

The digital workplace pension provider has been shortlisted in the Best New Entrant category.

Smart Pension has been shortlisted for Investment Week's 2018 Sustainable & ESG Investment Awards in the Best New Entrant category.

The digital workplace pension provider has been selected for its rapid progress in embedding Environment, Social and Governance (ESG) investment disciplines for members.

Smart members can already self-select the Smart Ethical Global Equity Index Fund through their online portal or via the smartphone app. In addition, in the next couple of months, Smart will be launching a self-select ESG option that will be built using Legal & General's Future World Index Fund range. The new self-select option will offer a broader range of geographies than the existing ethical fund and will more closely mirror the current asset allocation of the Smart Growth Moderate default fund. ESG will also continue to be an integral part of both accumulation and decumulation pathways for Smart members.

Rachel Neill, Smart's head of ESG said: "We're delighted to have been shortlisted for these awards at such an early stage in our development of this element of our investment offering."

"As a tech firm, we are constantly focused on how we can use technology to create a sustainable future. Once we launch these funds, our members will be able to switch their investments into ESG funds via an app on their tablet or phone. As a business, we have committed to truly integrating ESG investments into our offering long-term."

The firm is up against Heartwood Investment Management and Tribe Impact Capital in the category, the winners of which will be announced at the end of November.