Issue - meetings

The item was introduced by Dapo Shonola (Pensions Investment and Governance Manager). He said the responsible investment policy had been due for review by officers and brought to the meeting for members to note. There had been no amendments to the policy following the review, although there had been some changes to related policies. These were the climate risk policy and the voting guidelines, which had been amended so as to align to the policies of Border to Coast. This meant action would now be taken against companies where the Fund held investments that were exposed to a deforestation risk.

Responding to a question from Beverley Farmery, Dapo Shonola said Border to Coast had also reviewed their responsible investment policy and had not made any changes. Because of this, the Warwickshire Fund had decided not to make any. However other policies would be also be reviewed with the alignment to Border to Coast in mind.

Members noted concerns over possible investments abroad following the recent US presidential inauguration and subsequent withdrawal from the Paris Climate Agreement.