Decision details

A report was presented on how the Fund was being supported in order to fulfil its commitment to long term responsible asset ownership in line with the approach set out in the agreed Investment Strategy Statement.

The Committee acknowledged that a Senior Analyst had been appointed to work alongside the Responsible Investment Manager at the Local Pension Partnership and the new Annex to the Responsible Investment Policy for the Local Pension Partnership Investment Ltd regarding Climate Change. It was also noted that the recommendations from the Responsible Investment Working Group were presented in a separate report on the agenda.

The Chair reported that both he and the Head of Fund were members of the Local Authority Pension Fund Forum (LAPFF) Board and were engaged in discussions with some companies who in which LAPFF members had investments. The Committee discussed the list in the Appendix to the report of companies which LAPFF were engaged with and the Responsible Investment Manager confirmed that future reports to the Committee would specify those companies in which the Fund had investments.

Resolved: 

1.  That the new Annex on Climate Change to the Responsible Investment Policy for the Local Pension Partnership Investment Ltd, as set out in the report presented, is noted.

2.  That the Responsible Investment Manager at the Local Pensions Partnership be requested to identify in future reports any companies that LAPFF was engaged with in which the Fund had investments.