Avon Pension Fund has announced an ambitious new goal to be net zero across all its investments by 2045.
The latest move builds on significant work already completed by the Fund to maximise the real-world impact of its £5.4 billion investment portfolio.
This includes committing £500 million to renewable infrastructure and energy transition assets, as well as investing £2 billion in climate-aligned sustainable equities.
New targets align with stakeholder views
The new climate change target follows a consultation exercise involving members of the scheme and extensive local stakeholder engagement.
Setting new carbon targets for our investments to achieve by 2030 and 2045
The Fund previously had a net zero target of 2050. The new 2045 target will see Avon Pension Fund continue to target ambitious decarbonisation goals. This includes divesting from companies by 2030 who cannot demonstrate they are on a credible pathway to net zero.
You can read about our approach to climate and responsible investment in our Responsible Investment Annual Report 2023 (PDF, 675.8KB)