The Wiltshire Council Pension Fund has moved around 20 per cent of its assets from passive equities to a low carbon passive equity portfolio.

As reported by Wiltshire Times, the transferred assets value totals around £2.7bn and have been moved to a fund managed by Brunel Pension Partnership.

The move was undertaken as part of the local government pension scheme (LGPS) pooling initiative and comes after a review of the scheme’s asset allocation by Wiltshire’s Pension Committee.

Wiltshire Pension Committee conducted the review to ensure that the scheme is well placed to meet its investment returns targets in order to meet all future liabilities of the scheme.

It also recognised that, as long-term investors, it needs to take all risks into account, including managing climate change risk alongside good governance.

The county scheme is also undertaking a carbon footprint analysis of its other portfolios.

Share Story: