The Northern Local Government Pension Scheme (NLGPS) has pledged to align its entire £46bn portfolio with the Paris Agreement’s goal to limit average temperature rise to 1.5C, and to explore the feasibility of setting a near-term 2030 investment decarbonisation target. The pension fund – which pools together local government pensions from Greater Manchester, Merseyside, and West Yorkshire – yesterday said it would target a net zero carbon portfolio by 2050 and step up efforts to raise awareness of the potential contribution pensions can make to climate change.
Business Green 23rd Oct 2020 read more »