Latest news & announcements

Avon Pension Fund publishes its annual Taskforce on Climate-related Financial Disclosures (TCFD) Report

Picture of some buildings on a green background.

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.

Although not yet compulsory for Local Government pension funds, the Fund is a strong supporter of these disclosures. This critical framework not only helps us to deliver on our own climate change objectives but is also a way of signalling to investee companies, managers, partners and pension fund members how important climate risk transparency is if the Fund is to achieve real world emission reductions.

We've launched a digital magazine - ESG

ESG Zine Issue One Front Cover

We’re pleased to launch the very first issue of our new digital ‘zine’, ESG – a publication that will keep you updated on our Environmental, Social and Governance (ESG) activity within the Avon Pension Fund. This issue focuses on the climate emergency, and our strategy and activity in helping to tackle it. We also detail information on COP26 and what it means to us as a pension fund.

Avon Pension Fund Climate Emergency animation

 

In the lead up to COP26, Avon Pension Fund have put together this short animation outlining the Fund’s approach to investment in respect of the climate emergency. It highlights the work we are doing to become a carbon neutral pension fund by 2050 or earlier.

We look forward to sharing more progress with you in the near, medium, and long-term future of this ambitious goal.

Avon Pension Fund sets ambitious climate change targets and takes steps to mitigate the financial risk of climate change in review of equity portfolio

An image of a solar farm in California that Avon Pension Fund has invested in.

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.  

Avon Pension Fund gains recognition at world’s first Net Zero Pension Summit

A group of wind turbines on a hill.

Avon Pension Fund has been recognised for its role in providing key investment data to Brunel Pension Partnership (BPP), aiding in the formulation of the Institutional Investors Group on Climate Change (IIGCC) net zero investor framework.

On 1st June, Make My Money Matter hosted the world's first Net Zero Pension Summit – co-hosted by none other than Richard Curtis (British screen writer, producer and film director) and Mark Carney (former Governor of the Bank of England and current UN Envoy for Climate Action).

Avon Pension Fund adds its name to the 2021 Global Investor Statement to Governments on the Climate Crisis

Quote: We have signed the 2021 Global Investor Statement to Governments on the Climate Crisis calling for all governments to commit to ambitious climate policy action by COP26.

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.

Get to know Responsible Investment

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.

2020 Annual Review: Avon Pension Fund Engagement Highlights

Our ESG engagement/stewardship annual review of 2020 is here. This report outlines the engagement activity carried out by EOS Federated Hermes on behalf of Avon Pension Fund – and aims to highlight and quantify all the ESG engagement/stewardship activities carried out throughout 2020.

657 companies were engaged with across 2,419 environmental, social, governance, strategy, risk and communications issues and objectives. The impressive figures held in the report highlight how much of an impact we can have, both for the UK and world beyond.

HSBC shareholder resolution update

Intensive engagement by Brunel and the coalition of investors that filed a climate change resolution at HSBC, calling on them to publish a strategy to reduce exposure to fossil fuel assets on a timeline consistent with the Paris climate goals, has led to the withdrawal of the shareholder resolution. This is in exchange for HSBC’s own board-backed resolution.

Pages

Subscribe to Avon Pension Fund - Latest news & announcements