Pension fund assets under management

Ric Lander made this Freedom of Information request to City of Edinburgh Council

This request has been closed to new correspondence. Contact us if you think it should be reopened.

The request was successful.

Dear City of Edinburgh Council,

1) Please provide in Microsoft excel format for the end of the 2018/19 financial year:

a. the sum total of pension fund assets under management;

b. full details of what the Local Government Pension Fund currently invests in, including the full name and amounts of each fund, bond, institution and investment held, by asset class or category, including specific equities;

c. full details of any investments in: renewable energy, green technologies, social housing or community wealth building or low carbon funds.

I would like to receive this information in an unlocked excel sheet without protected cells (.xls). If you have to password protect the excel sheet, please can you also provide the password to the excel sheet.

2) Please provide any Local Government Pension Fund or Council policy or strategy statements, meeting minutes, investment principles, or Investment Strategy Statements that commit to reducing investments in fossil fuel producers or to decarbonise the Fund

If one part of the request can be answered sooner than others, please send that information first followed by any subsequent data. If you need further clarification, please contact me by email.

Yours faithfully,

Ric Lander
[email address]
Friends of the Earth Scotland

City of Edinburgh Council

Mr Ric Lander

Our ref: 26304

Dear Mr Lander

Acknowledgement of Request

Subject: Pension fund assets under management

Thank you for your request for information received on 10/12/2019. I can confirm that your request will be processed under the Freedom of Information (Scotland) Act 2002, Environmental Information Regulations (Scotland) 2004, or the INSPIRE (Scotland) Regulations 2009.

You will receive the information requested within 20 working days unless the Council does not hold the information, or there is a reason for it to be withheld. We will write to you in any event. This means we have until 13/01/2020 to respond to your request.

In some circumstances a fee may be payable and if that is the case we will let you know.

If you have any requirements regarding the format any information should be supplied in, e.g. the language to be used, audio, large print and so on, then please let me know.

If you have any queries or concerns, do not hesitate to get in touch. Please quote the reference number above in any future communications.

To promote transparency and accountability, please note it is the Council’s policy to publish all request details and responses made under the freedom of information legislation. This information will be made available through the Council’s website and will not include your personal details. The disclosure log is available at the following link: http://www.edinburgh.gov.uk/homepage/175....

Further information about your rights and accessing information is available on our website at: www.edinburgh.gov.uk

Yours sincerely,

Information Governance Unit
Level 2:1, Waverley Court, Edinburgh EH8 8BG Tel 0131 200 2340
[Edinburgh City Council request email] www.edinburgh.gov.uk

Information Rights Officer 4, City of Edinburgh Council

1 Attachment

Mr Ric Lander

 

[1][FOI #625858 email]

 

Our ref: 26304

 

 

Dear Mr Lander

 

Freedom of Information (Scotland) Act 2002 - Release of Information

 

Subject: Pension Fund Assets Management

 

Thank you for your request for information of 09/12/2019 where you asked
questions regarding the above. Your request has been processed and
considered under the Freedom of Information (Scotland) Act 2002 and the
information is provided below. I shall address each of your questions in
turn.

 

You asked the following:

 

Q1. Please provide in Microsoft excel format for the end of the 2018/19
financial year:

 a. the sum total of pension fund assets under management.

A1a. Approximately £8bn.

 b. full details of what the Local Government Pension Fund currently
invests in, including the full name and amounts of each fund, bond,
institution and investment held, by asset class or category, including
specific equities.

A1b. Please refer to the attached spreadsheet for the full list of
investments as at 31 March 2019.

 c. full details of any investments in: renewable energy, green
technologies, social housing or community wealth building or low
carbon funds.

A1c. This is covered by attached spreadsheet. Investments are not
categorised in this way.

Q2. Please provide any Local Government Pension Fund or Council policy or
strategy statements, meeting minutes, investment principles, or Investment
Strategy Statements that commit to reducing investments in fossil fuel
producers or to decarbonise the Fund.

A2. Please refer to the links provided below. The Fund’s investment
strategy is contained in our annual report. It includes a detailed section
on the approach to climate change (pages 21 – 25). The Pension Committee
report on Stewardship and Engagement, dated 11 December 2019, provides an
update on the Fund’s approach to Responsible Investment in general.  

[2]https://www.lpf.org.uk/downloads/file/57...

[3]https://democracy.edinburgh.gov.uk/docum...

Please let me know if you find problems with either link. I may be able to
send information in a different format, if required.

To promote transparency and accountability, please note it is the
Council’s policy to publish all request details and responses made under
the freedom of information legislation. This information will be made
available through the Council’s website and will not include your personal
details. The disclosure log is available at the following link:
http://www.edinburgh.gov.uk/homepage/175...

 

Your right to seek a review

 

If you are unhappy with the way we have dealt with your request, you can
ask us to review our actions and decisions by writing to the:

 

Head of Strategy & Communications

The City of Edinburgh Council

Waverley Court Business Centre 2:1

4, East Market Street

Edinburgh

EH8 8BG or,

Email: [email address]

 

Please note that your request must be in a recordable format (email,
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the reference number above in any future communications.

 

If you are not content with the outcome of the review, you can ask the
Scottish Information Commissioner to review our decision. You must submit
your complaint to the Commissioner within 6 months of receiving our review
response. The Commissioner can be contacted at:

 

The Office of the Scottish Information Commissioner

Kinburn Castle

Doubledykes Road

St Andrews

Fife

KY16 9DS

Telephone: 01334 464610

Fax: 01334 464611

Website: www.itspublicknowledge.info/Appeal

Email: [email address]

 

Yours sincerely,

 

 

Iain Burden

Information Rights Officer

 

 

Information Governance Unit

Level 2:1, Waverley Court, Edinburgh EH8 8BG Tel 0131 200 2340

[Edinburgh City Council request email]  www.edinburgh.gov.uk

 

 

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References

Visible links
1. mailto:[FOI #625858 email]
2. https://www.lpf.org.uk/downloads/file/57...
3. https://democracy.edinburgh.gov.uk/docum...