Decision details

28.1     The Committee considered a report by the Chief Finance Officer regarding a petition proposing the disinvestment of East Sussex Pension Fund (ESPF) from fossil fuels.

28.2     Julia Hilton attended the meeting on behalf of the lead petitioner and spoke in support of the petition. The Committee also considered written comments by Cllr Tania Charman.

28.3     The Committee RESOLVED to agree that the Fund should continue to seek to use its influence as a corporate investor to positively influence companies’ behaviour and reserve the right to apply ethical or environmental criteria on a case by case basis where relevant and appropriate, with particular emphasis on obtaining further information on the long term financial return on fossil fuel companies.