Decision details

The Committee considered a report setting out details on matters relating to Responsible Investment and including:

-  Quarterly reports from the provider of proxy voting and governance services and the provider of engagement and governance services respectively;

-  Details of litigation cases in which the Fund has a potential interest;

-  Other matters of news and note relating to Responsible Investment;

-  Progress against the priorities identified by the Member Working Group on Responsible Investment.

The Committee's attention was particularly drawn to developments since the last meeting of the Committee including acting on a commitment to increase the relationship and involvement with the Local Authority Pension Fund Forum.  Reference was also made to the updates on shareholder litigation, active investing and other developments, such as responding to the report of the Lancashire Fairness Commission. The Committee also welcomed the proposal to develop a policy for stakeholder consultation and the work of the Member Working Group, particularly around the recommendation to reduce the carbon footprint of the Fund's property portfolio wherever possible.

Resolved: - That the report, now presented, be noted.