Responsible investment
We believe that environmental, social and governance issues can affect the financial performance of companies and that we have a responsibility to take these issues seriously and where appropriate, to act upon them.
The Fund will pursue a policy of constructive engagement with companies on issues which are consistent with the Funds' fiduciary responsibilities. Each Fund's overriding obligation is to act in the best financial interests of the members of the Funds. The Fund will collaborate with other like-minded investors to pursue company engagement.
Voting and Engagement is undertaken by Baillie Gifford and Aberdeen Asset Management on the funds which they manage on our behalf and by Hermes Equity Ownership Services on all other listed equities.
View the Fund's Statement on Investment Principles here.
Our activities
- View our voting and engagement record
- Find out how we comply with the Stewardship code
- We have signed up to UNPRI
- We are members of Local Authority Pension Fund Forum
- We participate in the Carbon Disclosure Project
- Environmental, social and governance activities are reported to the Pensions and Trusts Committee which you can find using the Council's Committee Papers search facility
Briefings
- LAPFF response on excessive pay for executives: May 2012 briefing on actions taken
- Hermes Equity Ownership Services briefing:
December 2009 - Turning over new leaves: the road to Copenhagen
