LGPS Central Limited has appointed the stewardship and engagement team at Hermes EOS to provide voting and engagement services.
LGPS Central Limited, one of eight pooling vehicles across England and Wales, said the appointment would help it use its influence as a shareholder to set higher standards for the wider investment community.
Michael Marshall, director of responsible investment and engagement at the pool, said: “At LGPS Central Limited, responsible investment and stewardship are at the heart of our investment process, and we believe that engaging with companies leads to improved outcomes from both a financial standpoint and from a stakeholder point of view.”
Dr. Hans-Christoph Hirt, Head of Hermes EOS, said: “LGPS Central’s objective to act as a responsible, long-term investor, promoting the highest standards of corporate stewardship is one that is shared by Hermes as an active steward, committed to creating long-term value for our clients.”
