Issue - meetings

With reference to article 16 of the minute of its previous meeting, the Committee had before it a report by the Director of Resources which provided a review of the investment activity of the North East Scotland Pension Fund and the Aberdeen City Council Transport Fund for the three month period ending 31 March 2018.

The Committee heard from Mr Graham Buntain, Investment Manager, in respect of the detail contained in the report.  With reference to the discussion at the previous meeting about the Corporate Social Responsibility Policy and the responsibilities around good social and environmental practice, Mr Buntain advised that although officers had hoped to bring information before Committee at the meeting, discussions were ongoing to try to find a suitable provider who could produce consolidated metrics.  Mr Buntain further advised that two of the long-standing fund managers with Aberdeen Property Investors and Blackrock had stepped down.

The report recommended:-

that the Committee note the report.

The Committee resolved:-

(i)        to request that officers write to the fund managers to acknowledge their efforts on behalf of the Fund; and

(ii)       to approve the recommendation.

The Board resolved:-

to note the decision of the Committee.

-        COUNCILLOR M. TAUQEER MALIK, Convener