Dear Newport City Council,

I am requesting information under the Freedom of Information Act 2000 regarding how the council invests its pension fund. I would like to understand how the council's pension fund is being used to promote sustainability. Specifically, I request the following information:

1. What proportion of the pension fund is currently invested in industries or companies that actively promote sustainability, green energy or climate action?
2. What proportion of the pension fund is currently invested in the arms trade, military contractors or the defence industry?
3. Does the council have any targets for how much must be invested in these areas?
4. Does the council have an ethical investment policy guiding how pension funds are allocated?

Yours faithfully,

Sam Burrows

NCC - Information Management, Newport City Council

Bore Da/Good Morning

Thank you for your request for information about:

Pension fund allocation

This request has been formally logged and has been assigned the reference REF666

You should receive a reply to your request within the statutory time limit of 20 working days.

If you need any further assistance with this request please email [Newport City Council request email].

Please remember to quote the reference number REF666 in any future communications.

Yours sincerely,

Information Management
Mae’r Cyngor yn croesawu gohebiaeth yn Gymraeg, Saesneg neu yn y ddwy iaith. Byddwn yn cyfathrebu â chi yn ôl eich dewis. Ni fydd gohebu yn Gymraeg yn arwain at oedi.

The Council welcomes correspondence in English or Welsh or both, and will respond to you according to your preference. Corresponding in Welsh will not lead to delay.

Disclaimer/Ymwadiad

This email contains information intended for the addressee only and may be confidential, the subject of legal or professional privilege, or be otherwise protected from disclosure. If you are not the intended recipient of this message, please notify the sender immediately and do not disclose, distribute or copy the email to any other party. This email and any attached file are the property of Newport City Council.

When you email Newport City Council, you consent to the Council monitoring and reading any such emails for the purposes of security and legislative compliance. For the full disclaimer please access http://www.newport.gov.uk/disclaimer.

Mae'r e-bost hwn yn cynnwys gwybodaeth y bwriedir ar gyfer y derbynnydd yn unig a gall fod yn gyfrinachol, yn destun ragorfraint gyfreithiol neu broffesiynol, neu fel arall wedi’i diogelu rhag cael ei rhyddhau. Os nad chi yw derbynnydd bwriadedig y neges hon, a fyddech cystal â rhoi gwybod i'r anfonwr ar unwaith a pheidio â datgelu, dosbarthu neu gopïo’r e-bost i unrhyw barti arall. Mae’r e-bost hon ac unrhyw ffeiliau atodedig yn eiddo i Gyngor Dinas Casnewydd.

Pan fyddwch yn anfon e-bost at Gyngor Dinas Casnewydd, rydych yn cydsynio i’r Cyngor fonitro a darllen unrhyw e-byst o’r fath at ddibenion cydymffurfio â diogelwch ac â deddfwriaeth. I weld yr ymwadiad llawn ewch i http://www.newport.gov.uk/ymwadiad

NCC - Information Management, Newport City Council

Dear S Burrows, 

 

Thank you for your recent request for information which I have enclosed
below for ease of reference. Your request has been treated in accordance
with the Freedom of Information Act 2000 and/or the Environmental
Information Regulations 2004.

 

Your Request : REF666

 

The answers to your questions have been provided in red text below.

 

I am requesting information under the Freedom of Information Act 2000
regarding how the council invests its pension fund. I would like to
understand how the council's pension fund is being used to promote
sustainability. Specifically, I request the following information:

1. What proportion of the pension fund is currently invested in industries
or companies that actively  promote sustainability, green energy or
climate action?

2. What proportion of the pension fund is currently invested in the arms
trade, military contractors or the defence industry?

3. Does the council have any targets for how much must be invested in
these areas?

4. Does the council have an ethical investment policy guiding how pension
funds are allocated?

This information is not held by Newport City Council. 

The pension fund is managed by [1]Torfaen Local Government Pension Scheme.

 

If there is any further information that we can provide, please submit a
further request. If you have any queries about this email or if you are
unhappy with the service you have received in relation to your request and
wish to make a complaint or request a review of our decision, please
contact me at [2][Newport City Council request email].

 

If you are not content with the subsequent outcome of your complaint, you
may apply directly to the Information Commissioner for a decision.
Generally, the ICO cannot make a decision unless you have exhausted the
Councils complaints procedure. To contact the Information Commissioner
click [3]HERE.

 

For future reference, all Freedom of Information requests can now be
submitted via the link below.

 

[4]www.newport.gov.uk/foi

[5]www.casnewydd.gov.uk/rhg

Alternatively you can send requests to [6][Newport City Council request
email]

Kind regards,

Sarah Jones

Information Management 

Mae’r Cyngor yn croesawu gohebiaeth yn Gymraeg, Saesneg neu yn y ddwy
iaith. Byddwn yn cyfathrebu â chi yn ôl eich dewis. Ni fydd gohebu yn
Gymraeg yn arwain at oedi.

The Council welcomes correspondence in English or Welsh or both, and will
respond to you according to your preference. Corresponding in Welsh will
not lead to delay.

Disclaimer/Ymwadiad

This email contains information intended for the addressee only and may be
confidential, the subject of legal or professional privilege, or be
otherwise protected from disclosure. If you are not the intended recipient
of this message, please notify the sender immediately and do not disclose,
distribute or copy the email to any other party. This email and any
attached file are the property of Newport City Council.

When you email Newport City Council, you consent to the Council monitoring
and reading any such emails for the purposes of security and legislative
compliance. For the full disclaimer please access
http://www.newport.gov.uk/disclaimer.

Mae'r e-bost hwn yn cynnwys gwybodaeth y bwriedir ar gyfer y derbynnydd yn
unig a gall fod yn gyfrinachol, yn destun ragorfraint gyfreithiol neu
broffesiynol, neu fel arall wedi’i diogelu rhag cael ei rhyddhau. Os nad
chi yw derbynnydd bwriadedig y neges hon, a fyddech cystal â rhoi gwybod
i'r anfonwr ar unwaith a pheidio â datgelu, dosbarthu neu gopïo’r e-bost i
unrhyw barti arall. Mae’r e-bost hon ac unrhyw ffeiliau atodedig yn eiddo
i Gyngor Dinas Casnewydd.

Pan fyddwch yn anfon e-bost at Gyngor Dinas Casnewydd, rydych yn cydsynio
i’r Cyngor fonitro a darllen unrhyw e-byst o’r fath at ddibenion
cydymffurfio â diogelwch ac â deddfwriaeth. I weld yr ymwadiad llawn ewch
i http://www.newport.gov.uk/ymwadiad

References

Visible links
1. https://www.gwentpensionfund.co.uk/conta...
2. mailto:[newport%20city%20council%20request%20email]
3. https://ico.org.uk/global/contact-us/
4. http://www.newport.gov.uk/foi
5. http://www.casnewydd.gov.uk/rhg
6. mailto:[newport%20city%20council%20request%20email]