WILTSHIRE Council's Pension Fund has moved money previously held in UK, global and fundamental passive equities into the low carbon passive equity portfolio managed by Brunel Pension Partnership - its discretionary investment manager - as part of the LGPS pooling initiative.
The assets represent about 20 per cent of the fund’s total assets, which stand at £2.7 billion.
The move follows a review of the pension fund’s strategic asset allocation, led by Wiltshire’s Pension Committee.
The review was undertaken to ensure that the fund is well set to achieve investment returns that meet all future liabilities and pay the pensions of its beneficiaries.
As part of this, the Pension Committee recognised that as long term investors it needs to take all risks into account and that includes managing climate change risk alongside good governance.
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Wiltshire is carrying out a carbon footprint analysis of its portfolios.
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