As part of our ongoing commitment to Responsible Investment, the Cheshire Pension Fund has today (3 May 2022) made a landmark £360m investment in a new Sustainable Equity Fund, which is collectively worth over £1bn.
The new investment fund will invest in forward looking companies seeking to help solve the world’s sustainability problems. This reflects the Pension Fund’s belief that the most sustainable businesses will be well placed to generate strong financial returns over the longer term.
The investment also helps the Pension Fund demonstrate excellent progress against our commitment to transition to net zero carbon emissions, across all of our investment portfolio. We’re committed to supporting the Paris climate agreement, as well as ensuring that no later than 2050, our whole investment portfolio is carbon neutral. You can find more details about this in our Responsible Investment policy.
Cllr Myles Hogg, Chairman of the Pension Fund Committee, said:
‘The Cheshire Pension Fund has had a long-standing commitment to invest in sustainable companies; this is because we believe forward looking companies will play a major role in solving the world’s sustainability problems, and in doing so, generate strong financial returns for our members.
We are therefore delighted to commit £360m to the new LGPS Central Global Sustainable Equity fund.
The investment will enable the Cheshire Pension Fund to make faster progress against our commitment to transition to net zero carbon emissions, across all of our investment portfolio. It will also accelerate our plans to decarbonise our equity portfolio, while at the same time protecting financial returns. We know that climate change is an issue of increasing concern for our members and this new investment is yet another demonstration of our commitment to tackling the issue, in order to protect our investment portfolio from climate change risk’.
Further details of the new investment are available at: https://www.lgpscentral.co.uk/category/news/