Climate risk in pension fund Investment Strategy Statements

Response to this request is long overdue. By law, under all circumstances, Merton Borough Council should have responded by now (details). You can complain by requesting an internal review.

Dear Merton Borough Council,

Re: Investment Strategy Statement deadline 1st April 2017: Legal requirements regarding climate risk

We are writing regarding the imminent deadline for local authority pension funds to issue new Investment Strategy Statements (ISS) by 1st April 2017, under the terms of the 2016 Investment Regulations.

The financial risks that climate change poses are a clear material consideration in the formulation of ISS.

Please could you respond stating how you intend to address the financial risks that climate change poses within your ISS?

In addition, Government guidance is clear that pension members should be consulted regarding the new ISS – we are also writing to request that you respond setting out how you are intending to consult with your fund members on this issue.

Please consider this letter a request under the Freedom of Information Regulations 2000.
Yours faithfully,

Simon Bullock, Friends of the Earth; and
Joel Benjamin, Community Reinvest.

foi, Merton Borough Council

Thank you for your email message. We aim to respond to all requests under
the Freedom of Information Act 2000 and Environmental Information
Regulations 2004 within 20 working days.
More information about the way we deal with information requests is on our
web site at [1]www.merton.gov.uk/foi.
 
Information Governance Team
London Borough of Merton.
020 8545 4634
 
 
 

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