Avon Pension Fund is pleased to announce it is transitioning its entire legacy low carbon equity strategy (~£780m) into the recently launched Paris Aligned Benchmark (PAB) developed by FTSE Russell and Brunel Pension Partnership.
By investing in the PAB, we expect to deliver annual emissions reductions of at least seven per cent per annum, adding to the progress we've already made in our goal of achieving net-zero by 2050 or earlier.
For more information on this announcement, Please click here to read the full press release.
We have our sites set firmly on achieving our net-zero by 2050 goal, and we know there’s no time for complacency. There’s much work to be done if we’re to be successful, so that’s why we're constantly setting ourselves these interim targets and regularly reviewing and reporting on our progress.
We’ve already achieved our goal of becoming 30% less carbon intensive that the industry benchmark – two years ahead of plan. Today's announcement shows we’re taking steps to ensure we remain a leader in the pension community in terms of fighting climate change.
Image credit: Capital Dynamics via Brunel Pension Partnership