The West Midlands Pension Fund (WMPF) has selected five investment managers to oversee up to £1bn in assets.
The panel were selected by the £16bn pension fund following work to create a sustainable equity framework.
The five managers appointed were AGF, Baillie Gifford, Impax, RBC Global Asset Management and WHEB Asset Management, who will focus on opportunities generated by “good corporate governance and transition to a lower carbon economy”.
Partner funds Cheshire, Derbyshire and Worcestershire, along with the LGPS Central pool, collaborated with WMPF on the development of the framework and procurement of managers.
Michael Marshall, director of responsible investment and engagement at LGPS Central, said: “This is the largest allocation to actively-managed sustainable equities ever made in the UK.
“This shows tremendous leadership by our partner funds, who continue to demonstrate that responsible investment is truly integrated into their investment strategies.”
