Lothian Pension Fund

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 State Street 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 of Investment Principles here.  View the recent Local Government Pension Scheme (Scotland) Advisory Board regarding letter to Scottish Pension Funds on Fiduciary Duty.  The Fund's position statement on responsible investment can be viewed here.

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Our activities

• Video of the Responsible Investment event held in October 2018
• Read the Fund's position on fossil fuels.
• Read the Fund's position on Bank of Hapoalim.
• Read the Pensions Committee response to the deputation made by representatives from the Edinburgh branch of Campaign Against Arms Trade and the Edinburgh Peace and Justice Centre.
• Lothian Pension Fund Collaborates on Responsible Investment Reporting - Introduction & Guide
• View our voting and engagement record
• Find out how we comply with the Stewardship code
• We have signed up to UNPRI
• We participate in the Carbon Disclosure Project
• Environmental, social and governance activities are reported to the Pensions Committee which you can find using the Council's Committee Paper search facility

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LAPFF