Decision Maker: Clwyd Pension Fund Committee

Outcome: For Determination

Is Key Decision?: No

Is Callable In?: No

Date of Decision: November 27, 2024

Purpose:

Content: RESOLVED: a)    The Committee considered, discussed and noted the draft Task Force on Climate-Related Financial Disclosures (TCFD) report, draft member summary and the analysis from the Analytics for Climate Transition (ACT). b)    The Committee reviewed and agreed the proposed updates to the Fund’s targets that look to align an existing Engagement Target and implement a new Alignment Target in line with latest guidance from the Institutional Investors Group on Climate Change (IIGCC) Net Zero Investment Framework (NZIF) 2.0. c)    The Committee agreed that the Fund will carry out further lobbying for WPP to allow the Fund to meet its exclusion policy relating to carbon emissions, by excluding the two outstanding companies in the WPP Sustainable Active Equity fund.