We’re pleased to publish the third issue of ENGAGE, our Environmental, Social and Governance (ESG) ezine.
We’re pleased to publish the third issue of ENGAGE, our Environmental, Social and Governance (ESG) ezine. This issue covers how LPF are investing in global health amidst the coronavirus pandemic; assessing the investment risks and opportunities arising from climate change and the transition to a low carbon economy; and how LPF worked in consultation with the government to change the definition of inflation.
Doug Heron, our Chief Executive Officer at LPF talks about how we’ve maintained momentum in our responsible investment activities despite the pandemic:
“Despite the pandemic, we’ve maintained momentum in our Responsible Investing activities, and this issue of ENGAGE provides a snapshot of just some of the activity we’ve been doing.“At the beginning of December, we joined 77 other businesses and investors in calling for more ambitious NDCs in line with the UK’s 2050 net zero target. Ten days later, the UK published a new set of NDCs, setting an aggressive 68% reduction in economy wide greenhouse gas emissions by 2030 (vs. 1990 levels).“For us, managing investments has always been about more than just buying and selling shares and collecting dividends. We continue to engage with our company holdings, both directly and through our engagement partner EOS at Federated Hermes. Our Statement of Responsible Investment Principles (SRIP) reflects our belief in the value of engagement, where we influence companies to deliver enhanced ESG outcomes. We take the stance of being a critical friend to management teams and give advice, time to act, and the encouragement to do so. But engagement must lead to action and where we feel progress is too slow, and the prospect of financial risk to us increases as a result, we’re willing to withdraw our support and end our investment.“I’m proud of the adaptations our entire team has made during this extremely difficult time, and I hope this issue gives you greater insight into just some of the great work we’ve been doing.”
You can read issue 3 of ENGAGE here: https://www.lpf.org.uk/engage