Issue - meetings

With reference to article 11 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 both the North East Scotland Pension Fund and the Aberdeen City Council Transport Fund for the three month period ending 31 December 2018.

Appended to the report was information in respect of the NESPF and environmental, social and governance matters and responsible investment.  The Committee and Board heard from Ms Colliss in respect of the detail contained within the report.

The report recommended:-

that the Committee note the contents of the report.

The Committee resolved:-

(i)        to note that the Pension Fund had added its name to the Global Investment statement to governments in respect of climate change and to request that officers share this information more widely to promote the Pension Fund’s involvement in respect of addressing climate change; and

(ii)       to approve the recommendation.

The Board resolved:-

to note the decision of the Committee.