Pension fund assets under management

Robert Noyes made this Freedom of Information request to Orkney Islands Council

Automatic anti-spam measures are in place for this older request. Please let us know if a further response is expected or if you are having trouble responding.

Roedd y cais yn rhannol lwyddiannus.

Dear Orkney Islands Council,

1) Please provide in Microsoft excel format for the end of the 2019/20 financial year:
a. the sum total of pension fund assets under management;
b. full details of what the Local Government Pension Fund currently invests in, including: the full name and amounts of each fund, bond, institution and investment held, by asset class or category, including specific equities;
c. full details of any investments in: renewable energy, green technologies, social housing, community wealth building or low carbon funds.

I would like to receive this information in an unlocked excel sheet without protected cells (.xls). If you have to password protect the excel sheet, please can you also provide the password to the excel sheet.

2) Please provide any Local Government Pension Fund or Council policy or strategy statements, meeting minutes, investment principles, or Investment Strategy Statements that commit to reducing investments in fossil fuel producers or to decarbonise the Fund

If one part of the request can be answered sooner than others, please send that information first followed by any subsequent data. If you need further clarification, please contact me by email.

Yours faithfully,

Robert Noyes

foi, Orkney Islands Council

Acknowledgement Template

Dear Sir

Freedom of Information (Scotland) Act 2002 – Request for Information

Thank you for your information request dated 20 August 2020 and received on 20 August 2020. Our reference is FOI 2020-0704. This is being dealt with under the Freedom of Information (Scotland) Act 2002.

We are considering your request. We may be in touch soon to ask for further clarification or to offer advice and assistance if we are not able to fulfil your request in its present form.

The legislation allows us up to 20 working days from the date that we receive a valid request, including any clarification we need to make a final response. We will be in touch within 20 working days of receipt of your initial request to provide our response or to seek clarification where necessary. We hope to give you the information you are looking for at an earlier date if possible.

The Council is under significant pressure to deliver only essential services whilst the current social isolation measures are in place within the UK. Whilst we have a legal obligation to respond to FOIs, EIRs and SARs, we are unlikely to be able to respond at present within the normal timescales and there will inevitably be some delays. We apologise for any inconvenience, although we are sure that you will fully understand the situation.

Regards

Katy Russell-Duff
Administrative Officer
Corporate Services
Orkney Islands Council
Council Offices, School Place, Kirkwall, Orkney, KW15 1NY
Working from home at present

dangos adrannau a ddyfynnir

foi, Orkney Islands Council

1 Atodiad

Dear Sir

Freedom of Information (Scotland) Act 2002 – Request for Information

I refer to your email dated 20 August 2020 and received on 20 August 2020, our reference is FOI 2020-0704.

I am pleased to give the information you requested and hope that it meets your requirements.

1) See attached spreadsheet.

2) The Pension Fund has not made a specific commit to reducing investments in fossil fuel producers or to decarbonise, but recognises that ESG issues are among the factors which investment managers will take into account, where relevant, when selecting investments for purchase, retention or sale. All managers appointed to manage assets for the Fund require to be signatories to the United Nations Principles for Responsible Investment (UN PRI). The principles are set out in the appendix to the Statement of Investment Principles which can be found under the 'Related Download' section on our website here https://www.orkney.gov.uk/Service-Direct....

Under FOISA, if you are dissatisfied with our response, you may ask the Council to review its handling of your request. If you wish to do this, you should make your request for review with 40 working days of receiving this email. Please make your request for review to Head of Legal Services, Council Offices, School Place, Kirkwall, Orkney, KW15 1NY or email to [Orkney Islands Council request email]. Your request must be in permanent form (letter, email, audio tape etc) and should state:

That you are asking for a review of this decision, and
Why you are unhappy with the response you have received.

We will issue a full response to your request for review within 20 working days of our receiving it.

Where the outcome of the review fails to resolve the matter to your complete satisfaction, you then have the right to apply to the Scottish Information Commissioner for a decision. You have six months in which to do so following receipt of our review outcome – see www.itspublicknowledge.info/Appeal.

Regards

George Vickers
Information Governance Officer
Corporate Services
Orkney Islands Council, Council Offices, Kirkwall, Orkney, KW15 1NY
www.orkney.gov.uk

dangos adrannau a ddyfynnir