Haringey Council have taken measures to reduce the carbon footprint of its pension fund investments.
The Haringey Pensions and Committee Board have agreed in principle to move its emerging market fund into a low carbon alternative.
This will reduce the carbon footprint of this fund by 60% resulting in a 25% overall in the total portfolio.
Haringey Pension Board is already a leader in its efforts to decarbonise its investments among local authorities. The fund has already committed to investing £70m into renewable energy and continues to look for ways to reduce its carbon impact right across its investment portfolio.
At the its recent full council, Haringey Council declared a climate emergency and agreed to take steps to go carbon neutral by 2030. These investments are part of Haringey Labour’s efforts to create the most sustainable and green Council possible.
As well as benefiting the climate, low carbon investments and divestment from fossil fuel industries reduces the risk to the pension fund’s members.