LGPS Investment Guidance: Responsible Investment Push Welcome, But Rules Still Too Prescriptive
LGPS Investment Guidance: Responsible Investment Push Welcome, But Rules Still Too Prescriptive
The Government says:
- LGPS funds should have a policy to consider financially material factors, including where these arise from environmental, social and corporate governance factors.
- Funds should explain the extent to which non-financial factors are considered.
- The fund’s approach to social investments should be explained.
- Funds should not pursue policies that are contrary to UK foreign policy.
- The Secretary of State has a new power of Direction to intervene in funds’ investment policies.
Please click here for the full press release