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

The request was partially successful.

Dear Derbyshire County Council,

Please provide the following information in relation to Derbyshire 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  (Derbyshire 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 Derbyshire and received from Mercer, or other 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

CST Access 2 Info (Corporate Services and Transformation), Derbyshire County Council

Dear Mr Benjamin,

 

I refer to your request for information received on 20 March 2023.

 

Your request for information will be considered under the provisions of
Freedom of Information Act 2000, if your request also relates to
Environmental Information e.g. information about the environment or land
development your request will then be considered under the  Environmental
Information Regulations 2004. In accordance with the legislation, the
deadline for responding is usually 20 working days from the receipt of the
request, this being the 19 April 2023. However, we shall endeavour to deal
with your request promptly, and if possible before this date.

 

 

Yours sincerely,

 

Access to Information Team

Corporate Services & Transformation

Derbyshire County Council

County Hall

Matlock

DE4 3AG       

 

 

 

══════════════════════════════════════════════════════════════════════════

Join thousands of local residents who receive regular county council news
direct to their inbox. Go to our [1]website and click on the Sign Up
button.

══════════════════════════════════════════════════════════════════════════

Think before you print! Save energy and paper. Do you really need to print
this email?

Derbyshire County Council works to improve the lives of local people by
delivering high quality services. You can find out more about us by
visiting [2]www.derbyshire.gov.uk.
If you want to work for us go to our job pages on
[3]www.derbyshire.gov.uk/jobs. You can register for e-mail alerts,
download job packs and apply on-line.

══════════════════════════════════════════════════════════════════════════

Please Note
This email is confidential, may be legally privileged and may contain
personal views that are not the views of Derbyshire County Council. It is
intended solely for the addressee. If this email was sent to you in error
please notify us by replying to the email. Once you have done this please
delete the email and do not disclose, copy, distribute, or rely on it.
Under the Data Protection Act 2018 and the Freedom of Information Act 2000
the contents of this email may be disclosed.
Any personal information you have given us will be processed in accordance
with our privacy notices, available at
[4]www.derbyshire.gov.uk/privacynotices.

Derbyshire County Council reserves the right to monitor both sent and
received emails.

══════════════════════════════════════════════════════════════════════════

CONTROLLED

References

Visible links
1. https://www.derbyshire.gov.uk/council/ne...
2. http://www.derbyshire.gov.uk/
3. http://www.derbyshire.gov.uk/jobs
4. http://www.derbyshire.gov.uk/privacynoti...

CST Access 2 Info (Corporate Services and Transformation), Derbyshire County Council

Dear Mr Benjamin,

 

I write further to your request for information dated 20 March 2023.

 

We are currently liaising with the relevant Council officers and
departments with a view to processing your request as quickly as
possible.  In the meantime, I would be grateful if you would grant the
Council a short extension of time to respond to your request. The new
deadline date being 26 April 2023.

 

Thank you in advance for your co-operation.

 

 

Yours sincerely,

 

Access 2 Information Team

Corporate Services & Transformation

Derbyshire County Council

County Hall

Matlock          

DE4 3AG

 

 

 

══════════════════════════════════════════════════════════════════════════

Join thousands of local residents who receive regular county council news
direct to their inbox. Go to our [1]website and click on the Sign Up
button.

══════════════════════════════════════════════════════════════════════════

Think before you print! Save energy and paper. Do you really need to print
this email?

Derbyshire County Council works to improve the lives of local people by
delivering high quality services. You can find out more about us by
visiting [2]www.derbyshire.gov.uk.
If you want to work for us go to our job pages on
[3]www.derbyshire.gov.uk/jobs. You can register for e-mail alerts,
download job packs and apply on-line.

══════════════════════════════════════════════════════════════════════════

Please Note
This email is confidential, may be legally privileged and may contain
personal views that are not the views of Derbyshire County Council. It is
intended solely for the addressee. If this email was sent to you in error
please notify us by replying to the email. Once you have done this please
delete the email and do not disclose, copy, distribute, or rely on it.
Under the Data Protection Act 2018 and the Freedom of Information Act 2000
the contents of this email may be disclosed.
Any personal information you have given us will be processed in accordance
with our privacy notices, available at
[4]www.derbyshire.gov.uk/privacynotices.

Derbyshire County Council reserves the right to monitor both sent and
received emails.

══════════════════════════════════════════════════════════════════════════

CONTROLLED

References

Visible links
1. https://www.derbyshire.gov.uk/council/ne...
2. http://www.derbyshire.gov.uk/
3. http://www.derbyshire.gov.uk/jobs
4. http://www.derbyshire.gov.uk/privacynoti...

CST Access 2 Info (Corporate Services and Transformation), Derbyshire County Council

6 Attachments

Dear Joel M Benjamin,

Please see response to your request, I appreciate your patience in this
matter.

Kind regards Justin

 

Justin Hird Legal Assistant | Legal and Democratic Services | Corporate
Services and Transformation Derbyshire County Council | County Hall,
Matlock, Derbyshire DE4 3AG | 
Visit us at [1]www.derbyshire.gov.uk | Follow us on [2]Twitter | Find us
on [3]Facebook |

As from 24th March 2020 please send any correspondence by e-mail. Any
correspondence sent by post from this date may not be received. Thank you
in advance for your co-operation.

══════════════════════════════════════════════════════════════════════════

 

══════════════════════════════════════════════════════════════════════════

Join thousands of local residents who receive regular county council news
direct to their inbox. Go to our [4]website and click on the Sign Up
button.

══════════════════════════════════════════════════════════════════════════

Think before you print! Save energy and paper. Do you really need to print
this email?

Derbyshire County Council works to improve the lives of local people by
delivering high quality services. You can find out more about us by
visiting [5]www.derbyshire.gov.uk.
If you want to work for us go to our job pages on
[6]www.derbyshire.gov.uk/jobs. You can register for e-mail alerts,
download job packs and apply on-line.

══════════════════════════════════════════════════════════════════════════

Please Note
This email is confidential, may be legally privileged and may contain
personal views that are not the views of Derbyshire County Council. It is
intended solely for the addressee. If this email was sent to you in error
please notify us by replying to the email. Once you have done this please
delete the email and do not disclose, copy, distribute, or rely on it.
Under the Data Protection Act 2018 and the Freedom of Information Act 2000
the contents of this email may be disclosed.
Any personal information you have given us will be processed in accordance
with our privacy notices, available at
[7]www.derbyshire.gov.uk/privacynotices.

Derbyshire County Council reserves the right to monitor both sent and
received emails.

══════════════════════════════════════════════════════════════════════════

References

Visible links
1. http://www.derbyshire.gov.uk/
2. http://www.twitter.com/derbyshirecc
3. http://www.facebook.com/derbyshirecc
4. https://www.derbyshire.gov.uk/council/ne...
5. http://www.derbyshire.gov.uk/
6. http://www.derbyshire.gov.uk/jobs
7. http://www.derbyshire.gov.uk/privacynoti...