Statement from Darren Walker, Chair of the National Advisory Board on Impact Investing (NAB)

Today’s announcement from the Department of Labor to allow pension funds to consider the full-range of factors that affect investment decisions – including environmental, social and governance factors - is a welcome step that will benefit both fund beneficiaries and society at large. A growing body of evidence shows that these factors directly and significantly impact financial returns on investments. They are part and parcel of prudent investment decisions, and should be taken into account.

As a society, we’ve only begun to see the potential of impact investing to unleash economic, social and environmental benefits. Today is an important step toward realizing this promise and using the power of markets to help solve some of our most urgent social problems.

The NAB welcomes all feedback and suggestions on these recommendations and how we might be able to move them forward.