Brunel Pension Partnership confirms carbon footprint seven per cenbt lower than benchmar
(Business Green, 8 Jun 2020) Giant local authority pension fund uses World Environment Day to confirm progress is being made to curb carbon impact of investments.
The Brunel Pension Partnership has reduced the carbon intensity of its active portfolios by seven per cent compared to its respective benchmarks, it revealed late last week.
In its first responsible investment and stewardship outcomes report, the Local Government Pension Scheme (LGPS) pool also said at least 35 per cent of its cycle one infrastructure investments are in renewable energy, and that it had engaged with 867 companies across 2,537 issues during 2019.
The report, published to coincide with World Environment Day, also revealed it had a lower exposure to fossil fuels, at 9.4 per cent compared to a benchmark of 12.4 per cent, and disclosed reserves, at 5.2 per cent versus 7.4 per cent.
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Business Green, 8 Jun 2020: Brunel Pension Partnership confirms carbon footprint seven per cenbt lower than benchmarShare this on social media
