Latest news

We’re pleased to bring you our Annual Engagement Highlights for 2021, carried out by EOS Federated Hermes on behalf of Avon Pension Fund. The report outlines our engagement and voting ESG activity for 2021. 

At the end of 2021 we published our very first Task Force on Climate-Related Financial Disclosures (TCFD) report. Today, we’re pleased to publish our Climate Action Plan – outlining the four key pillars of disclosure taken from that report that will help us reach our goal of becoming a net-zero investor by 2050 or earlier.

Following the disclosures set out by the TCFD is not yet compulsory for LGPS funds, so we are proud to be blazing the trail in this way.

The Avon Pension Fund is pleased to publish its latest Responsible Investment Annual Report.

The report details the activities undertaken during 2021 by the Fund, our managers and our partners to deliver and support our Responsible Investing Policy.

Following a consultation, in 2017 the Taskforce on Climate-related Financial Disclosures (TCFD) issued initial recommendations for reporting to help stakeholders in financial markets understand their climate risks and opportunities. This covers the areas of Governance, Strategy, Risk and Metrics & Targets and Avon Pension Fund has now adopted this guidance and set out its own disclosures in this report.

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.  

With the G7 Summit taking place this weekend in Cornwall, we’re proud to announce that we are a signatory of the 2021 Global Investor Statement to Governments on the Climate Crisis.

In signing this document, we stand alongside 456 other investors worldwide with a combined asset-worth of over $41 trillion. It calls on all governments in 2021 to increase their climate policy action and ambition urgently by COP26 (UN Climate Change Conference) in November.

Our 2021 Carbon Metrics Report details the weighted average carbon intensity (WACI), fossil fuel related revenues, reserves exposure and the disclosure rates among companies within the Fund's listed equity portfolio.

In light of the Climate Emergency, there is growing pressure on countries and organisations alike to publicise what they are doing to address and tackle the issue. As your Pension Fund, we know it is our responsibility to be transparent and to explain our actions in the matter, especially when it comes to investment. We’re pleased to have a new tool in our box to help us keep that promise, that we’d like to share with you.