To coincide with COP27’s Finance Day, the Institutional Investors Group on Climate Change (IIGCC) published their inaugural Paris Aligned Asset Owners (PAAO) progress report. The report, which includes 29 case studies, shows how asset owners are developing a range of strategies and approaches to fulfil the criteria set by the PAAO 10-point commitment (which is set out in the report).
As an IIGCC member, and a signatory to the Net Zero Investor Framework, the Avon Pension Fund was invited to provide a short piece for the report showcasing how it has put its climate policy into action. The case study highlights how the Fund has integrated climate into its liquidity and risk management strategies, which are unique among Local Government Pension Schemes.
The Fund’s case study appears on page 24 of the progress report.
The Brunel Pension Partnership are also featured in the report (page 17) for their work in the development of Paris-aligned indices with FTSE Russell.