William Eichler 06 June 2017

Local authority pension funds ‘ratcheting up’ climate change engagement

Local authority pension funds ‘ratcheting up’ climate change engagement  image

Local authority pension funds are going to ‘ratchet up’ their efforts to encourage companies to be more aware of climate change and how it will impact the value of their stocks.

The Local Authority Pension Fund Forum (LAPFF), the voluntary association of 72 public sector pension funds, announced yesterday it is partnering with 50/50 Climate Project.

The Project is a non-profit group which encourages the 50 largest carbon footprint public companies to create effective long-term climate change strategies.

The Forum said the partnership would allow it to ‘ratchet up its engagement’ with companies on climate risks and its potential impact on shareholder value.

The move will see the Forum draw on the Project’s experience and build on the track record of both organisations.

The Project has already made significant advances securing proxy access for shareholder promoted director candidates, rising from just 1% of S&P 500 large-cap firms in 2014 to over half by the beginning of 2017.

The LAPFF has also had some successes in this area. Most recently, Forum funds co-filed the successful ‘Aiming for A’ strategic resilience resolutions on climate risk at Shell, BP, Anglo American, Glencore and Rio Tinto AGMs.

The new partnership will provide LAPFF with research on company risks and opportunities, analysis of corporate-board climate competencies, and involvement in campaigns to refresh boardrooms.

It will also support the development of a pipeline of credible ‘climate-literate’ director candidates.

Leaving nothing to chance image

Leaving nothing to chance

The ‘levelling-up’ Budget is era-defining and ambitious in scope – but we will have to wait until the summer Spending Review to understand the blueprint, says Localis’s Jonathan Werran.
SIGN UP
For your free daily news bulletin
Highways jobs

Social Worker - Family Support & Protection

Essex County Council
£30300 - £41475 per annum + plus benefits
We are one of the most effective and progressive Children and Families Service in the country. Our vision is to support families through strengths bas England, Essex, Basildon
Recuriter: Essex County Council

Senior Sustainability & Resilience Officer

Essex County Council
£30001.0 - £34017 per annum
This opportunity is to be offered on a 6-month, fixed term / secondment contract basisInterviews scheduled to be held Friday 17th April Job Purpose Es England, Essex, Chelmsford
Recuriter: Essex County Council

Senior Social Worker or Senior OT - Older Adults Team

Essex County Council
£38400 - £46475 per annum
Interviews for this role will take place via video calling using Microsoft Teams.Seeking skilled, motivated Senior Social Workers and Senior OT's who England, Essex, Colchester
Recuriter: Essex County Council

Principal Litigation Solicitor

Thanet District Council
Starting Salary £41,676 per annum, with opportunity for progression to £47,508 per annum.
We are a small and friendly team and are looking to expand with a number of senior legal roles Thanet, Kent
Recuriter: Thanet District Council

Information Governance and Equalities Manager

Thanet District Council
Starting salary of £38,916 per annum, with opportunity for progression to £44,352 per annum
We are a small and friendly team and are looking to expand with a number of senior legal roles Thanet, Kent
Recuriter: Thanet District Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue