PROGRESS ON CLIMATE CHANGE
Our refreshed climate scenario modelling supports the view that the Fund’s financial interests are best served in a world where global warming is limited to 2ºC
We have reduced our emissions* by 58% from 2019!
* Scope 1&2 emissions of listed equity investments
We are on track to achieve our goal of 30% of assets in green or sustainable investments by 2025.
INVESTING IN CLIMATE OPPORTUNITIES (CLOPS PORTFOLIO)
7% of our Fund is allocated to Clops £203m invested
CLIMATE AND NATURE REPORT
MAKING PROGRESS ON NATURE
Our total exposure to high-impact sectors amounted to £55m (just over 4% of our total equity holdings), across 95 companies! Most of this was in the food & drink sectors (c.68% of £37m)
We made our first investment in forestry with a Carbon-negative mission.
Local investments in renewable infrastructure: Wroughton Solar Farm.
At the 2024 Local Government Chronicle Investment Awards we were recognised with the Investment Innovation Award for our Clops portfolio.
OUR CLIMATE GOAL
Net zero across all investment portfolios by 2050
To protect the investments from climate change risk, identify opportunities to both invest in and benefit from the transition to net zero, and secure a sustainable financial future for the Fund
For more details see our Climate and Nature Report