UPDATED: Southwark LGPS invests £150m in low-carbon equity ACS

Stephanie Baxter
clock
UPDATED: Southwark LGPS invests £150m in low-carbon equity ACS

The London Borough of Southwark Pension Fund has invested in BlackRock's newly-launched tax transparent fund that reduces carbon exposure in equities, PP has learned.

The fund was introduced in December as part of an expansion of its authorised contractual scheme (ACS) offering after launching the UK's first four years ago. Southwark, which has around £1.5bn assets...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Industry

Tender Watch: Cheshire and East Sussex pension funds

Tender Watch: Cheshire and East Sussex pension funds

Cheshire appoints Hymans Robertson and East Sussex launches low-carbon equity mandate

Professional Pensions
clock 21 January 2022 • 1 min read
The best of PP's news from 17-21 January, 2022.

Five stories you may have missed this week

A £1.7bn buy-in and a change to the ‘stronger nudge’ initiative

Hope William-Smith
clock 21 January 2022 • 1 min read
Industry Voice: Digital revolution needed within pensions, report states

Industry Voice: Digital revolution needed within pensions, report states

Smart
clock 21 January 2022 • 1 min read
Trustpilot