We believe that environmental, social and governance issues can affect the financial performance of companies. We have a responsibility to take these issues seriously and where appropriate, act upon them.
We’ll pursue a policy of constructive engagement with companies on issues which are consistent with our fiduciary responsibilities. Our overriding obligation is to act in the best financial interests of the members of the funds. We’ll collaborate with other like-minded investors to pursue company engagement. The Local Government Pension Scheme (Scotland) Advisory Board produced guidance in a letter to Scottish Pension Funds on fiduciary duty. We also have an introductory guide to Responsible Investment Reporting and the Pensions Committee regularly receive reports at their meetings. The papers can be found at www.edinburgh.gov.uk/CPOL.
We held a session in October 2018 on our approach to responsible investment as we regularly receive lobbying for divestment of company shares. A video of this responsible investment session is available on YouTube.
- Bank Hapoalim
- In-house equity investments and responsible investment