Issue - meetings

With reference to article 12 of the minute of its previous meeting, the Committee

had before it a report by the Director of Resources which provided an overview 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 30 June 2019.

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 Mr Buntain, Investment Manager, in respect of the detail contained within the report. 

It was noted that Members had received correspondence outwith the meeting in respect of investment in carbon.

The report recommended:-

that the Committee note the contents of the report.

The Committee resolved:-

(i)         to note that the Pension Fund would respond to the correspondence received in respect of carbon investment on behalf of the Committee and Board Members;

(ii)        to request that the Chief Officer – Finance and Pensions Manager consider how best to bring together information in respect of environmental, social and governance issues which would then enable further discussion of the issues at a future meeting of the Committee; and

(iii)       to approve the recommendation.

The Board resolved:-

to note the decision of the Committee.