Issue - meetings

The Committee had before it a report by the Director of Resources which provided an update in relation to the ongoing Under Armour Class Action relating to the North East Scotland Pension Fund (NESPF) for the three month period ending 30 September 2023, and also set out information on the annual PRI (Principles for Responsible Investment) submission in respect of the Fund’s Environmental Social and Governance (ESG) capabilities.

Members heard from Mr Buntain in respect of the report and asked a number of questions.

The report recommended:-

that the Committee note the contents of the report for assurance.

The Committee resolved:-

(i)       to note that officers would give consideration to the points made by Members in relation to the Fund issuing communications on investments and ESG, which could assist in the number of Freedom of Information requests received; and

(ii)       to otherwise note the report.