Dear Rhondda Cynon Taff 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.
Simon Bullock, Friends of the Earth; and
Joel Benjamin, Community Reinvest.
Dear Simon Bullock
Thank you for your request for information.
Your request will be processed in accordance with the Freedom of
Information Act 2000 (or Environmental Information Regulations 2004, if it
relates to environmental information).
You should ordinarily expect to receive a response to your request no
later than 20 working days following the date of submission to the
Council. We will contact you should this not be the case.
Corporate Governance Team
for Director of Legal & Democratic Services