ACCESS, the £35bn LGPS pool for local authority pension funds in the central, eastern and southern Shires, has appointed Pension & Investment Research Consultants (PIRC) as its ESG and responsible investment adviser.
Going forward, PIRC will advise on and monitor the pool’s ESG reporting requirements and arrangements. It has also been tasked with reviewing the ACCESS Pool Voting Guidelines and making recommendations to enhance the voting impact in line with the RI Guidelines.
PIRC will also assist with stewardship gap analysis and support any future ACCESS Pool Stewardship Code submissions.
Alan MacDougall, managing director at PIRC, commented on the appointment: “We are extremely pleased to have been selected by ACCESS to support them meet their stewardship needs and ambitions. ACCESS has a clear set of priorities focused on delivering value and the views of its 11 LGPS administering authorities.”
The news of ACCESS’ appointment comes a week after the release of the pool’s annual report, which shows that the pool now manages 59% of all assets and delivered a 14% investment performance per annum over the past three years. Since inception, it has delivered £71.5m in net savings, the pool said.
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