We’re pleased to launch our new Annual Responsible Investment report. And what a year it’s been.

Achievements include adopting a new set of climate targets and a 2045 net zero goal, agreeing a new local impact allocation and joining a south-west partnership.

The new partnership with four other Brunel Pension Partnership investors will deploy over £300 million into renewables and energy transition assets in the region.

We also engaged 5,000 members in a comprehensive review of our climate goals.

Making progress on climate during tough times 

Despite the challenges posed by rising inflation, geopolitical tensions and an anti-environmental backlash, we’ve made significant progress during the year.

This includes:

• Committing more money to renewables
• Moving all our passive equity investments to Paris-aligned funds and
• Making a dedicated £160 million allocation to local investments in the south-west.

Investing for positive change 

The report offers a deep dive into how we monitor the climate credentials of our investments.

You can read about how we engage with the companies we invest in, to bring about positive change on key issues such as climate change and human rights.

The report also details how the Fund seeks to address emerging risks and opportunities in biodiversity, cyber and diversity, equity and inclusion.

You can read about a year of crucial action in our Responsible Investment Annual Report 2023 (PDF, 675.8KB)