Correspondence with investment consultants & information on managing pension fund climate risk

Joel M Benjamin made this Freedom of Information request to Bradford City 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.

The request was partially successful.

Dear Bradford City Council,

Please provide the following information in relation to Bradford management of pension fund climate risk, & information & advice on same provided by external investment consultants including (but not limited to) Aon, Mercer,  Allenbridge Epic and Hymans Robertson.

1) Please provide emails & correspondence between council employees  (Bradford finance function + responsible investment & pension fund mgmt), procurement, elected members (on pension fund committee), scheme members & external investment consultants on climate risk between 2018 and 2023

2) Please confirm if specific advice or information on climate risk has been sought by Bradford and received from Mercer, or other such external investment consultants? - If so please provide copies of this information. (key search terms include "climate risk", "physical risk", "asset allocation" and "fossil fuels")

3) Please provide the following data points in MS Excel format in relation to each external climate risk analyses undertaken on the councils investment portfolio, noting the date/ year + provider of each analysis:

i) Warming scenarios applied, i.e 2degC, 3degC, 4,degC, 5degC, 6degC & year in which it is suggested each warming threshold considered by the scenarios will be reached?

ii) Projected gains or losses for the portfolio &/or GDP activity for each scenario/year assessed

iii) Specifics of any change(s) to asset portfolio allocation recommended by the consultants to reduce the risk of future financial losses and/or to reduce financed emissions across the portfolio.

Yours faithfully,

Joel M Benjamin

Freedom of Information, Bradford City Council

Thank you for contacting the City of Bradford Metropolitan District
Council Corporate Information Governance Team.  We confirm that we have
received your correspondence.

 

If you have submitted a Freedom of Information or Environmental
Information Regulation request – we will respond to your request in
accordance with the appropriate legislation (20 working days). 

 

If we require further information from you before we process your request,
we will contact you directly to ask for this. 

 

City of Bradford Metropolitan District Council is registered with the
Information Commissioners Office (ICO) under the provisions of the Data
Protection Act 2018.  If you would like further information please click
on the following link: [1]Privacy notice | Bradford Council

                                              

THIS IS AN AUTOMATED MESSAGE – PLEASE DO NOT REPLY

 

This email, and any attachments, may contain Protected or Restricted
information and is intended solely for the individual to whom it is
addressed. It may contain sensitive or protectively marked material and
should be handled accordingly. If this email has been misdirected, please
notify the author immediately. If you are not the intended recipient you
must not disclose, distribute, copy, print or rely on any of the
information contained in it or attached, and all copies must be deleted
immediately. Whilst we take reasonable steps to try to identify any
software viruses, any attachments to this email may nevertheless contain
viruses which our anti-virus software has failed to identify. You should
therefore carry out your own anti-virus checks before opening any
documents. Bradford Council will not accept any liability for damage
caused by computer viruses emanating from any attachment or other document
supplied with this email. Emails may be subject to recording and / or
monitoring in accordance with relevant legislation.

 

 

References

Visible links
1. https://www.bradford.gov.uk/privacy-noti...

Freedom of Information, Bradford City Council

Dear Mr Benjamin

 

I refer to your request dated 20 March 2023 under the Freedom of
Information (FOI) Act 2000. I can confirm that the Council holds the
information falling within the terms of your request.

 

The Act obliges us to respond to requests promptly and no later than 20
working days after receiving the request. However, when a qualified
exemption applies to the information and the Public Interest Test is
engaged, the Act allows the time for response to be longer than 20 working
days, and a full response must be provided within such time as is
reasonable in all circumstances of the case.

 

Unfortunately, in this case we have not yet reached a decision on where
the balance of the public interest lies.

 

Please accept the Council’s apologies. I hope to have the Council’s
response to you by 19 May 2023 although I will endeavour to do so before
this date.

 

The specific exemption, the Council is considering in relation to your
request is under Section 43(2) of the Freedom of Information Act.

 

If you have any queries please do not hesitate to contact the Corporate
Information Governance Team, quoting reference number: 9121

 

City of Bradford Metropolitan District Council is registered with the
Information Commissioners Office (ICO) under the provisions of the Data
Protection Act 2018. The Council takes its responsibilities under the Act
very seriously. 

 

To find out more on how we handle your information, please click on the
following link: https://www.bradford.gov.uk/privacy-notice

 

Regards

 

Siama Kausar

Information Governance Officer

Finance, IT & Procurement Service

Telephone Number: 01274 434506

 

City of Bradford Metropolitan District Council

Department of Corporate Resources

City Hall, Centenary Square, Bradford, BD1 1HY

 

This email, and any attachments, may contain Protected or Restricted
information and is intended solely for the individual to whom it is
addressed. It may contain sensitive or protectively marked material and
should be handled accordingly. If this email has been misdirected, please
notify the author immediately. If you are not the intended recipient you
must not disclose, distribute, copy, print or rely on any of the
information contained in it or attached, and all copies must be deleted
immediately. Whilst we take reasonable steps to try to identify any
software viruses, any attachments to this email may nevertheless contain
viruses which our anti-virus software has failed to identify. You should
therefore carry out your own anti-virus checks before opening any
documents. Bradford Council will not accept any liability for damage
caused by computer viruses emanating from any attachment or other document
supplied with this email. Emails may be subject to recording and/or
monitoring in accordance with relevant legislation.

 

Matthew Mott,

8 Attachments

Dear Joel

 

Please find attached the response from WYPF regarding your FOI request
about Climate Risk.

 

Regards

 

Matt

 

Matt Mott

Head of Governance and Business Development

West Yorkshire Pension Fund

E: [email address]

T: 07815 476877

 

WYPF, PO Box 67, Bradford, BD1 1UP

 

City of Bradford Metropolitan Council

Chief Executive's Department

 

West Yorkshire Pension Fund

Follow us on [1]Twitter and [2]Facebook

  
[3]cid:image008.jpg@01D6D87D.51C1DF20 [4]cid:image009.jpg@01D6D87D.51C1DF20   [5]DB
AWARD PNG

[6]cid:image016.jpg@01D8C29C.7F15C710[7]cid:image001.png@01D8C1FB.5E09C400

 

         

  

This email, and any attachments, may contain Protected or Restricted
information and is intended solely for the individual to whom it is
addressed. It may contain sensitive or protectively marked material and
should be handled accordingly. If this email has been misdirected, please
notify the author immediately. If you are not the intended recipient you
must not disclose, distribute, copy, print or rely on any of the
information contained in it or attached, and all copies must be deleted
immediately. Whilst we take reasonable steps to try to identify any
software viruses, any attachments to this email may nevertheless contain
viruses which our anti-virus software has failed to identify. You should
therefore carry out your own anti-virus checks before opening any
documents. Bradford Council will not accept any liability for damage
caused by computer viruses emanating from any attachment or other document
supplied with this email. Emails may be subject to recording and / or
monitoring in accordance with relevant legislation.

 

 

 

 

 

References

Visible links
1. blocked::http://www.twitter.com/wypf_lgps
http://www.twitter.com/wypf_lgps
2. blocked::http://www.facebook.com/westyorkshirepen...
http://www.facebook.com/westyorkshirepen...