Information Team Croydon
Digital Services
Assistant Chief Executive Directorate
Bernard Wetherill House
7th Floor, Zone B
Croydon
CR0 1EA

Contact: Information Team
[email address]

 

NOTE: Please do not edit the subject line when replying to this email. If
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Dear Alex Robson

 

Freedom of information request - FOI/11734

 

Subject: Freedom of Information request - Croydon Pension Fund exposure to
Maersk

Your request is being considered and you will receive a response within
the statutory timescale of 20 working days, subject to the application of
any exemptions. Where consideration is being given to exemptions the 20
working day timescale may be extended to a period considered reasonable
depending on the nature and circumstances of your request. In such cases
you will be notified and, where possible, a revised time-scale will be
indicated. In all cases we shall attempt to deal with your request at the
earliest opportunity.

If we are unable to provide you with the information requested we will
notify you of this together with the reason(s) why, and details of how you
may appeal.

Please note that the directorate team may contact you for further
information where we believe that the request is not significantly clear
for us to respond fully. 

Kind Regard

Information Management Team

Croydon Digital Services

Assistant Chief Executive Directorate

7th Floor, Zone B

Bernard Weatherill House

8 Mint Walk

Croydon CR0 1EA

Information Team Croydon
Digital Services
Assistant Chief Executive Directorate
Bernard Wetherill House
7th Floor, Zone B
Croydon
CR0 1EA

Contact: Information Team
[email address]

 

Dear Alex Robson

Request FOI/11734

Further to your request received on 10/02/2025, I confirm that the Council
has now considered your request under the Freedom of Information Act
2000. Specifically, you have requested the following information:

"In relation to the London Borough of Croydon Pension Fund, could you
please disclose the following information as per the fund position at 31st
March 2024 (or the nearest possible date)

1. What is your total exposure to Maersk, trading name "A.P. Moller -
Maersk" (sometimes spelled "A.P. Møller - Mærsk") also known as Maersk?

2. What is the breakdown of the above exposure, as per fund managers and
individual funds? Could you please provide the total market value at the
fund level, along with the values weight as a percentage of the fund."

At 30 September 2024 The London Borough of Croydon Pension Fund had the
following exposures to A.P. Moller - Maersk:

Legal & General FTSE World (Ex Tobacco) Fund : £123k out of a fund value
of £770,468K or 0.016%
LCIV Global Bond Fund (Class A Income) : £204k out of a fund value of
£91,385k or 0.22%

Total exposure was £327k out of the total value of the Croydon Pension
Fund of £1,927,831k or 0.017%

 

The Council publishes Access to Information requests and responses on its
online Disclosure Log. (Any request included within this log will be
anonymised appropriately)

To view the Council’s Disclosure Log, please visit our website available
here:

[1]The Freedom of Information (FOI) Act | Croydon Council
(disclosure-log.co.uk)

 

If you are dissatisfied with the way the Council has handled your request
under the Freedom of Information Act, you may ask for an internal review.
This should be submitted to us within 40 working days of this response.
You can do this by outlining the details of your complaint by:

 

Email:        [2][email address]

 

Writing:     Information Team

London Borough of Croydon

Bernard Weatherill House

Floor 3 - Zone E

8 Mint Walk

Croydon, CR0 1EA

 

Any requests received after the 40 working day time limit will be
considered only at the discretion of the council.

 

If you are not content with the outcome of the internal review, you have
the right to apply directly to the Information Commissioner for a
decision. The Information Commissioner can be contacted at:

 

Information Commissioner’s Office

Wycliffe House
Water Lane
Wilmslow
Cheshire, SK9 5AF

 

Yours sincerely,

 

Information Team

Croydon Digital Services

Assistant Chief Executive Directorate

Bernard Wetherill House,

Mint Walk,

Croydon,

CR0 1EA

 

 

[3][email address]

[email address]

 

References

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