Investment

The fund has laid down plans to reduce its greenhouse gas emissions by 29% this year

Impact is increasingly part of schemes’ mindsets and investment decisions

Schemes must be on their guard as trapped surpluses become a clear and present danger.

XPS has called the increase “disappointing” and called for robust management from trustees

Pledge comes after LGPS fund was found to be a major fossil fuel holder

The ESG reporting solutions data will be used to support mandatory TCFD reporting

Tool to limit taxpayer costs and ensure fair benefits was expected to be ‘extraordinary’

Half of surveyed schemes expect to reach full integration within just 12 months

The agreement will help protect the benefits of 16,500 members in the underfunded scheme