Border to Coast Pensions Partnership (‘Border to Coast’) continues to increase allocation to climate solutions on behalf of Partner Funds, demonstrating its progress in achieving net zero by 2050 or sooner.
In its latest Climate Change Report, Border to Coast reports £8bn of investment in climate solutions1 in its equity and fixed income portfolios (2023: £6.9bn), and £2.5bn deployed through its private markets programme.
This includes capital deployed through its innovative private market Climate Opportunities proposition which has received a total of £2.6bn in commitments from Partner Funds.
The report also outlines how the pool has seen emissions from its portfolios fall 58% on 2019 levels, ahead of the interim target set in its Net Zero Roadmap (53% reduction by 2025). The reduction was the result of the launch of propositions with a lower carbon profile, the natural decarbonisation of asset classes, and changes in portfolio composition.
The pool’s sixth report in line with the recommendations of TCFD, which became mandatory for Border to Coast as an FCA-regulated asset manager in 2024, also highlights:
70% of assets under management are now covered by Border to Coast’s Net Zero Roadmap.
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