Brunel Pension Partnership, one of eight pooled Local Government Pension Scheme funds in the UK, has published its first ‘Responsible Investment and Stewardship Outcomes report‘. The report reiterates the commitment of the Partnership to, “Contribute to a more sustainable and resilient financial system” and details its annual performance on issues such as climate change, tax transparency, diversity and sustainable supply chains.
Laura Chappell, CEO of Brunel, said: “Our Clients have high ambitions for strong returns by investing in a world worth living in, and the Brunel Pension Partnership is proving it can help deliver those goals. This report reflects on a critical year that has seen successful outcomes in a wide range of sustainability themes from climate change to cost transparency.
Partnership remains key to our success, and many of the achievements disclosed in our first report came from working with our clients and asset managers on environmental, social and governance issues. As the COVID-19 crisis has shown, managing these risks is crucial to protect the future interests of our Clients and their beneficiaries.”
Highlights from the report include:
Liz Woodyard, Investments Manager at Avon Pension Fund, said:
“This report is a thorough and transparent account of the sometimes rewarding, and often difficult, work that the Brunel Partnership undertakes to help build a more sustainable global economy. Challenges like climate change and plastic pollution are complex, global issues and Brunel’s work connects our funds with international partnerships that can leverage our impact and make a difference.”
Derek Holley, Cornwall Council Pensions Committee Chairman, said:
“A key advantage of being part of a wider pool is the opportunity to share expertise and multiply our impact in areas such as responsible stewardship. From better corporate climate management, to safer mining, to more ethical management of privacy data, the Brunel Partnership is helping protect our members’ interests by pushing for sustainable economic growth and contributing to a thriving society.”
About Brunel Pension Partnership Limited
Brunel Pension Partnership Limited (Brunel) brings together circa £30 billion investments of 10 likeminded Local Government Pension Scheme funds. We believe in making long-term sustainable investments supported by robust and transparent process. We are here to protect the interests of our clients and their members. In collaboration with all our stakeholders we are forging better futures by investing for a world worth living in. Brunel is one of eight national pooled funds and manages the investment of the pension assets for the funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset and Wiltshire.