Haringey Pension Fund is once again leading the way in ensuring our investments have a positive environmental impact. Last week Haringey Pension Fund moved its emerging markets equities investments into a low carbon alternative.
This will reduce the carbon emissions associated with these investments by an estimated 73 per cent and cut the fund’s overall carbon footprint by around a quarter at a stroke. It follows on from previous decisions to move half of our developed market equities investments into a low carbon fund and to invest £70million in renewable energy.
This decision by the Combined Pensions Committee and Board is in line with Haringey Council’s recent climate emergency declaration and demonstrates that we can make a contribution to combatting catastrophic climate change without reducing the returns on our investments.
I hope other Local Government Pension Scheme funds will consider reducing the carbon footprint of their emerging markets investments, following Haringey’s lead.
Cllr Matt White, Chair, Haringey Combined Pensions Committee and Board.