Decision details

County Councillor Ellard, Chair of the Responsible Investment Working Group presented a report on the recommendations of the Group regarding a revised Responsible Investment Policy, proposed actions for the future development/implementation of that Policy and responses to four issues referred to the Working Group by the Committee. He also informed the Committee of a proposal from the London Pension Fund Authority to establish a joint Working Group with the Lancashire County Pension Fund on responsible investment.

Resolved:

1.  That the draft Climate Change Policy presented to the meeting on the 23rd March 2018 be abandoned and the revised Responsible Investment Policy, as set out at Appendix 'A' to the report presented, be approved.

2.  That having considered the responses of the Working Group regarding the five action points to develop the Responsible Investment Policy, a new Action Plan (as set out at Appendix 'B' to the report presented) for the future development/implementation of the revised Responsible Investment Policy referred to at 1 above is approved.

3.  That the responses of the Working Group regarding the four issues referred to it by the Pension Fund Committee on the 8th June 2018 and 14th September, 2018, as set out in the report presented, are noted.

4.  That the Chair discuss the proposal to establish a joint Working Group on responsible investment on the basis set out in the report with the Chair of the London Pension Fund Authority and report back to the Committee at the meeting on the 29^th March 2019.