Wiltshire Pension Fund has moved 20% of its assets into a low carbon passive equity portfolio managed by LGPS pool Brunel Pension Partnership.
The transition has taken place following a review of the pension fund’s strategic asset allocation, led by Wiltshire’s Pension Committee.
The fund’s total assets currently stand at a total of around £2.7bn, making the investment worth around £550m.
Wiltshire’s pension committee chairman Tony Deane said: “Climate change is an increasingly material issue for investors and we believe that investing to support the Paris goals is entirely consistent with securing long-term financial returns and is aligned with the best long-term interests of Wiltshire’s beneficiaries.”
