Pension fund assets under management

Ric Lander made this Freedom of Information request to Orkney Islands Council

This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.

Roedd y cais yn llwyddiannus.

Dear Orkney Islands Council,

1) Please provide in Microsoft excel format for the end of the 2018/19 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 or 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,

Ric Lander
[email address]
Friends of the Earth Scotland

foi, Orkney Islands Council


Dear Sir

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

Thank you for your information request dated 9 December 2019 and received on 9 December 2019. Our reference is FOI 2019-1270. 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.


Katy Russell-Duff
Administrative Officer
Corporate Services
Orkney Islands Council, Council Offices, Kirkwall, Orkney, KW15 1NY
Telephone 01856 873535 Extension 2210

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 9 December 2019 and received on 9 December 2019, our reference is FOI 2019-1270.

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

Question 1:
The attached spreadsheet provides details of the Pension Fund valuation as at 31 March 2019.

We do not hold investment information at a higher level, however having reached out to our fund manager we can advise that of the stocks held by the fund, the holding of Tesla has direct exposure to green technologies and renewable energy, whilst the holding of Signify also has exposure to green technologies.

Our Fund manager has also advised that through investment in pooled funds there is indirect exposure to renewable energy holdings, as detailed on tab 2 of the attached spreadsheet. The listed weightings are of the overall Orkney Islands Pension Fund in the attached valuation. (There may also be indirect exposure to green technologies, social housing, community wealth building or low carbon funds through external third party funds, however we are unable to ascertain this.)

Question 2:
No such commitment has been made.

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


George Vickers
Information Governance Officer
Corporate Services
Orkney Islands Council, Council Offices, Kirkwall, Orkney, KW15 1NY
Telephone: 01856 873535 Extension: 2162

dangos adrannau a ddyfynnir