In 2019 Rabobank Pensioenfonds has requested the fiduciairy advisor to investigate whether it is possible to further increase the exposure to impact investments via the Infrastructure portfolio, particularly in Environmental. Renewable energy has become an important instrument for institutional investors to address the themes of ESG (especially the E) and impact investing. This makes it possible to make a measurable positive impact. At the end of Q4 2018, RPF's infrastructure portfolio comprised 18% of investments in renewable energy, particularly in traditional solar and wind farms worldwide in Europe and North America. In 2018, Rabobank Pensioenfonds made another commitment to a specific sustainable energy fund, KGAL ESPF IV. In addition, the investment in the American open end fund Axium AINA IV is largely based on renewable energy, with a lot of exposure to North American hydro energy (hydropower). Rabobank Pensioenfonds has also been invested in sustainable waste-to-energy investments through the MIP IV fund in the United States and the DIF IV fund in Australia. Other impact investments, for example water and social infrastructure, are also present in the portfolios, but in the view of AIM are small-scale and offer only limited investment opportunities.