Our 2024 Responsible Investment Report highlights the investment risks and opportunities the Fund faces. These include climate change, human rights and biodiversity.
This year we examine the investment case for solar energy, positive impact via affordable housing investments and a forward look on natural capital investing.
We outline our focus areas for 2025 to ensure we meet our environmental, social, and financial priorities.
Four key takeaways from the report:
1. Good progress on our net zero 2045 goals
We are pleased to report a 60% reduction in the carbon intensity of our listed equity portfolio. This means we’re making good progress on our plans to reach net zero by 2045.
2. We’re combining local investment and climate solutions
We work with industry partners to invest in solutions that will benefit our region and communities.
In the report you can read about our:
- £35 million investment in local solar
- £50 million commitment to affordable housing including local developments and
- plans to support businesses in the south west
3. Active stewardship tackling responsible investment priorities
A robust approach to engagement and stewardship work yielded positive outcomes in 2024. Working with like-minded investors we expressed the urgency of bridging the gap between public and private funding for climate solutions. We also highlighted the need for climate adaptation and resilience and the need to address complex risks such as investing in conflict affected regions and sustainability in renewables supply chains.
We will continue to advocate for supportive policies that facilitate positive change for our members and wider stakeholders.
4. Next steps: investing in climate solutions and natural capital
In 2025 we will accelerate our progress towards net zero by exploring natural capital investments such as sustainable forestry and agriculture.
Read more about our approach to responsible investing in our Responsible Investment Report 2024 available on our responsible investment page.
Our members LGPS pension benefits are guaranteed by law and do not depend on investment returns.
