Northern Pool publishes on its website:
“Northern LGPS, formerly the Northern Pool, has published its ground-breaking Responsible Investment Policy.
Launched at Northern LGPS’ annual stewardship conference at Aintree in Liverpool, the policy details its ambitions for upholding the highest standards of corporate governance at its investee companies, and making investments that deliver financial, social and environmental benefits across the north of England.
The new guidance places Northern LGPS at the forefront of responsible investment, with ambitious targets in terms of its environmental, social and governance (ESG) policies. In particular, it is committed to actively using its scale as a significant shareholder to engage with and influence its largest portfolio companies.
Other key goals include a commitment for 100 per cent of assets to be compatible with the net zero-emissions ambition outlined in the Paris Agreement by 2050. There is also an undertaking to pre-disclose votes on all investee companies, in order to demonstrate accountability to beneficiaries, making Northern LGPS the first major UK institutional investor to adopt this level of transparency. “