Climate risk in pension fund Investment Strategy Statements

The request was successful.

Dear Carmarthenshire 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.

FOIA, Carmarthenshire Council

Dear Mr Bullock,

Thank you for your request for information, which was received on 2nd March, 2017 and is being dealt with under the Freedom of Information Act 2000.

We are therefore required to provide a response within 20 working days, which will be on or before 30th March, 2017.

If we require clarification we will also contact you as soon as we can – please note that the timescale for response specified above may be subject to change if this is the case.

In the meantime, please do not hesitate to contact me should you have any queries, remembering to quote the reference number above in any communications.

Yours sincerely

John Tillman
Swyddog Gwybodaeth a Diogelu Data
Tîm Llywodraethu Gwybodaeth a Chwynion
Adran y Prif Weithredwr
Cyngor Sir Gaerfyrddin

Information & Data Protection Officer
Information Governance & Complaints Team
Chief Executive's Department
Carmarthenshire County Council

Mewnol/Internal: 4127
Allanol/External: 01267 224127

show quoted sections

FOIA, Carmarthenshire Council

Dear Mr Bullock,
 
I refer to your request for information, which was received on 2^nd March,
2017 and has been dealt with under the Freedom of Information Act 2000.
 
The specific information you requested was as follows:
 
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.
 
In response, the relevant information can be found by following the
attached link:
 
[1]http://www.dyfedpensionfund.org.uk/Engli...
 
An email has also been sent to all employers of the fund.
 
Yours sincerely
John Tillman
Swyddog Gwybodaeth a Diogelu Data
Adran y Prif Weithredwr
Cyngor Sir Gaerfyrddin
Information & Data Protection Officer
Chief Executive's Department
Carmarthenshire County Council
Mewnol/Internal: 4127
Allanol/External: 01267 224127
 
 
 
 

References

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1. http://www.dyfedpensionfund.org.uk/Engli...

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