Latest news & announcements

Issue 2 of ESG is now available

ESG Issue 2 cover

We’re pleased to launch issue 2 of our new digital ‘zine’, ESG.

This issue focuses on the results from the Responsible Investment Members’ survey that we ran during COP26 in November last year. We were thrilled to receive such a big response to the survey, providing us a valuable insight into the views of the Avon Pension Fund membership on this important subject.

We also put the spotlight on another of our climate-aware sustainable infrastructure projects that the which APF invests in via its renewable infrastructure portfolio managed by Brunel Pension Partnership.

Avon Pension Fund Statement of Compliance with the UK Stewardship Code

We're pleased to bring you our Statement of Compliance with the UK Stewardship Code covering the year 2020 to 31 March 2021. 

Councillor Paul Crossley, Chair of the Pension Committee, said this in recognition of this latest release:

"The Avon Pension Fund has long been an advocate for active stewardship; recognising that positive engagement with companies, policymakers and the investment industry can protect and enhance the value of our assets over the long-term, ultimately for the benefit of our membership. As a Tier 1 signatory to the Financial Reporting Council (FRC) Stewardship Code 2012, it was important to us to continue to adhere to the high standards expected of us by our stakeholders. We welcome the broader scope of the FRC UK Stewardship Code 2020 (the Code), which now covers all assets not just listed equities, and shifts the emphasis from policies and procedures to activities and outcomes, which is ultimately what’s required if we are to effect environmental, social and governance change in the real world. cont...

Our Climate Action Plan

Climate Action Plan cover with TCFD logo

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.

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).

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