This report, presented by Victoria Moffett, Pensions and Investments Manager, provided an update on the policies recently reviewed and agreed upon by the Pension Fund Investment Sub-Committee: the Responsible Investment Policy, the Climate Risk Policy and the Stewardship and Voting Policy.  The report also set out the key changes to the policies, noting that there had been one material change to the Stewardship and Voting Policy as a result of the Fund no longer having any segregated mandates with investment managers and no material changes to the Responsible Investment Policy or Climate Risk Policy.

The Local Pension Board noted the report.