East Sussex Pension Fund published on its website:
The East Sussex Pension Fund has negligible direct investment exposure to Russian markets, constituting no more than 0.07% of the Fund’s assets. This low exposure is substantially a by-product of the pre-emptive approach taken by the Committee to addressing the challenges presented by the energy transition including the appointment by the Fund of third party managers with an Active Equity Impact focus, along with elevated Environmental, Social and Governance filters and exclusions.
The Fund requires its investment managers to consider the implications of all risks to the investment portfolios they manage including the current situation in Ukraine. The Fund is in dialogue with its pool and asset managers about what action they are considering in view of government sanctions and restrictions, which are likely to limit the available options.
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