Responsible Investment Report
Decision Maker: Pension Fund Committee
Decision status: Recommendations Approved
Is Key decision?: No
Update on Responsible Investment Q4
A report was presented on how the Fund was supported to fulfil its commitment to long term responsible asset ownership in line with the approach set out in the Investment Strategy Statement and the Responsible Investment Policy approved by the Committee in March 2018.
The Committee discussed how impact assessments could be used to assess the economic, social, and environmental effects of the investment policy. It was also noted that the Global Equities Fund had significantly lower emissions than the benchmark as a result of investment decisions by active portfolio managers who incorporated material environmental, social and governance considerations (including climate change) into their evaluation of risk adjusted returns.
Resolved: That the update on responsible investment activity, as set out in the Appendix to the report presented, is noted.
Report author: Mukhtar Master
Date of decision: 29/03/2019
Decided at meeting: 29/03/2019 - Pension Fund Committee