The Cornwall Pension Fund’s Pensions Committee has a fiduciary duty to act in the best interest of its members.
To do this, the Committee recognises the importance of managing:
- Environmental
- Social and
- Governance (ESG) issues
This includes climate change.
The Fund has made great progress this year, improving its policies on both:
- Responsible Investment; and
- climate change.
As part of this process, the Committee has committed to increasing its allocation to sustainable and low carbon assets.
The Fund aspires to be at the forefront of responsible investment practice.
Responsible Investment Policy
The Responsible Investment Policy sets out the Committee’s approach to Responsible Investment. It details the actions taken on behalf of the Fund’s members and other stakeholders to:
- enhance long-term risk adjusted returns; and
- protect the fund from Environmental, Social and Governance (ESG) and reputational risks.
View the full Responsible Investment Policy
The following report sets out the Fund’s responsible investment beliefs. As well as the work which has been done over the course of the year:
Responsible Investment Outcomes Report 2023-24
Impact Reporting
The following report details the positive impacts some of the Fund’s investments have made over the year:
Task Force on Climate-related Financial Disclosures (TCFD) Report
The Fund has published its fourth Task Force on Climate-related Financial Disclosures (TCFD) Report. There is currently no requirement for the Fund to publish a TCFD Report. However the Fund has committed to voluntarily reporting in-line with TCFD requirements. This is in keeping with Responsible Investment best practice:
Task Force on Climate-related Financial Disclosures (TCFD) Report
Responses to questions on the Israel / Palestine situation
Our responses to questions about the current situation in Israel and Palestine are outlined below:
Public Questions Regarding Pension Investments in Israel
Freedom of Information (FOI) Responses