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Border to Coast signs up to responsible investment principles

LGPS pool Border to Coast Pensions Partnership has signed up to the Principles for Responsible Investment, a framework supported by the United Nations.

The six principles provide a framework for integrating environmental, social and corporate governance (ESG) considerations into investment decision-making and ownership practices.

Councillor Doug McMurdo, chair of the Border to Coast joint committee and of Bedfordshire Pension Fund said: “The twelve Border to Coast partner funds believe that the way to achieve long term sustainable returns is through Responsible Investment (RI).

“The PRI is acknowledged as the world’s leading proponent of RI and we are delighted that Border to Coast has become a signatory, demonstrating its commitment to stewardship and RI.”

Until recently, the FRC had little involvement in local government affairs. But with investigations into council officers becoming more frequent, where is the political accountability?

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