In this issue, there's insight into our long-term approach to responsible investment in an unstable world and implementation of our Climate Change Policy, as well as case studies on collaborative engagement progress and how we monitor physical risk in our real asset portfolios.
David Vallery, Chief Executive Officer, comments:
“2025 saw the world become ever more unpredictable: stock markets were volatile due to geo-political and economic disruptions and conflict, while artificial intelligence created both opportunities and uncertainties for businesses and for jobs. We continue to advance our responsible investment commitments through our Climate Change Policy, long-term action and collaborative engagement, to strengthen the resilience of our investment strategy and support the real-world transition to net zero.
“Alongside, significant accreditations and industry recognition, winning two awards for fund of the year, highlight the dedication of all our colleagues at Lothian Pension Fund.”
Gillian de Candole, Head of Responsible Investment, talks about alks about responsible investment in an unstable world and our Climate Change Policy:
“While there’s uncertainty about transition timeframes and social priorities, not least with the US withdrawal from the Paris Agreement taking effect in January 2026, this latest conflict in the Middle East supports the drive to transition away from a dependency on fossil fuels to alternative sources of energy. Investment in local, renewable energy assets with storage will enable domestic, regional and global economies to be more resilient in the long run.
“Investing in a transitioning world requires more than ambition – it also requires pragmatic implementation. We use practical insights to keep abreast of the pace of transition across different industries and geographies to build a diversified portfolio of investments across asset classes, aiming to provide resilient returns across a range of future scenarios.”