2024 saw significant political change across the globe, due to an unprecedented number of elections and we look at the ramifications in this issue. We also provide updates on LPF’s participation in investor initiatives focused on climate change and biodiversity and our responses to industry consultations including the UK Government Pensions Investment Review.
Alan Sievewright, Chief Finance Officer, talks about the UK Government Pensions Review:
“While the Scottish LGPS is out with the remit for this review, we took part in a call for evidence in the first phase. LPF is a successful fund within both the Scottish LGPS and in the wider UK context, so our contribution is meaningful. LPF’s internal investment capability is a significant cost advantage, and our collaborative efforts with like-minded funds generate additional benefits to each fund. This includes supporting partner funds on responsible investment matters.”
Gillian de Candole, Head of Responsible Investment, provides insight into lower carbon economy transition:
“There’s increasing understanding that the transition to a lower carbon economy will take many decades and won’t be smooth or uniform across markets or geographies. Companies in all industries, especially those that create the most emissions, need policy support and investment to develop and implement transition plans to bring about industrial-economic transformation across the globe.
“LPF continues to engage with investee companies, both directly and through collaborative initiatives and providers. We engage with policy makers and regulators, in industry consultations and as a signatory to the Global Investor Statement to Governments on the Climate Crisis, calling on governments to enact five essential policy actions to accelerate the private capital flows needed for a just transition to a climate-resilient, nature-positive economy.”