NatWest Cushon to make allocation to natural capital through Aviva Investors’ Carbon Removal Fund
NatWest Cushon, the workplace pensions fintech, has agreed to an investment in natural capital in its Sustainable Investment Strategy after recently signing the new Mansion House Accord.
PRESS RELEASE: 17th JUNE 2025
Represents a 2% allocation in NatWest Cushon’s Sustainable Investment Strategy
Natural capital investment made to mitigate some of the climate transition risk in the portfolio
The agreed investment comes after NatWest Cushon signed the Mansion House Accord
NatWest Cushon, the workplace pensions fintech, has agreed to an investment in natural capital in its Sustainable Investment Strategy after recently signing the new Mansion House Accord.
The NatWest Cushon Sustainable Investment Strategy has committed to a 2% allocation to the Aviva Investors Carbon Removal Fund.
Natural capital refers to the planet’s natural assets, like land, water, air, soil and living things. The Carbon Removal Fund is currently looking at opportunities in peatland restoration, carbon sequestration and forestry investments.
A number of UK and international deals are expected to be made over the coming months and years within the fund – with a UK project on the horizon – helping NatWest Cushon meet the targets set by the Mansion House Accord.
Aviva Investors’ Carbon Removal Fund aims to deliver attractive investment returns whilst also supporting institutional investors’ long-term net zero ambitions. It invests directly in nature-based and engineered carbon removal solutions, including afforestation and restoration projects, as well as commercial forestry, venture capital and private equity-based nature tech, both in the UK and globally.
The Fund aims to invest in assets and projects that can provide measurable co-benefits, such as biodiversity enhancement, species protection and reintroduction, improved water quality, employment and public access.
The Cushon Master Trust’s trustees last year approved an allocation to natural capital.
NatWest Cushon was a major investor in the UK’s first LTAF, Schroders Capital Climate+, building the pension scheme’s private assets exposure.
It’s great to add diversity to our strategy and continue to lead the way in private assets, but first and foremost this is about the investment case and the range of benefits natural capital adds to the wider strategy for our members.
Our climate framework assesses real-world decarbonisation and portfolio resilience as well as portfolio decarbonisation. Natural capital contributes to all of these objectives over the long term. Many climate scenarios incorporate future increases in carbon prices, so we were searching for a fund positively correlated to those increasing prices over the long-term.
Victoria Humble, CIO, NatWest Cushon
We are absolutely delighted that our Carbon Removal Fund will form a part of NatWest Cushon’s sustainable investment strategy. We look forward to contributing towards the long-term investment outcomes of its members whilst playing a key role in supporting its broader sustainability ambitions.
Jill Barber, Chief Distribution Officer, Aviva Investors
Mobius Life is the appointed platform provider for NatWest Cushon’s investment portfolio. We are proud to support NatWest Cushon as they evolve their investment strategy. Onboarding the Aviva Carbon Removal fund to our platform further underscores our commitment to modernising investment operations and expanding private markets investment access through daily-dealing solutions designed for DC investors.
James King, Chief Operating Officer, Mobius Life
For more information, contact:
Tom Ellis, PR Director, the lang cat
T: 07840 848358
Email: tomellis@thelangcat.co.uk
About NatWest Cushon
NatWest Cushon is a fintech using its leading financial technology to engage savers and empower them to build a better financial future.
NatWest Cushon offers pension and savings products via a mobile app that provides a personalised experience, making it easy for customers to manage their money and invest in a way that aligns with their personal goals and beliefs.
With a solution that integrates with payroll and benefit platforms, NatWest Cushon's products are delivered via the workplace to reach as many savers as possible with £3bn currently invested. More than 21,000 employers and 650,000 savers currently use NatWest Cushon to help enhance the financial wellbeing of their workforce by providing employees with a simple and convenient way to save into pensions, ISAs and other products direct from pay.
NatWest Cushon is the trading name of Cushon Group Limited.
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