The Lothian Pension Fund has published its new Statement of Responsible Investment Principles.
Scotland’s second largest Local Government Pension Scheme fund with over £8 billion assets under management, has adopted a new Statement of Responsible Investment Principles for the fund.
The fund has said they have made specific commitments going forward; to measure the carbon intensity of 100% of their assets by 2022; to cease any primary investment in companies that aren’t aligned with the goals of the Paris agreement; and to continue engaging with non-Paris aligned companies until 2025 with any companies making little progress towards the goals likely being divested at this point. They will use Transition Pathway Initiative tools to derive Paris compliance in their stocks and no longer supply new funding to non-Paris aligned companies either through new bond issuance or through new equity issuance.