Agenda item

Information Report - Environmental, Social and Governance Issues in Pension Fund Investment

Report of the Director of Finance

Minutes:

The Board received a report which set out the responses received to requests to the Fund managers in relation to Environmental, Social and Governance (ESG) Issues.

 

The Board noted that there had not been unanimous signing up to the Codes by the managers and that they should be asked questions in relation to ESG issues at shortlisting/ an early stage.  A Board member questioned the compliance if the Council invested in the Collective Investment Vehicle (CIV).  It was suggested that Fund managers be questioned on ESG issues when they gave their presentation.

 

RESOLVED:  That the report be noted.

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