Issue - meetings

37.1     The Committee considered a report providing an update on ESG issues.

37.2     The Committee RESOLVED to:

1) approve a revised East Sussex Pension Fund Investment Beliefs subject to the amendment of the first investment belief to read:

“Climate change presents a financial risk to the future investment returns from the Fund. However, the impacts of climate change on the returns from the fund in the future are unknown and the Fund will continue to monitor the risk associated with investment in fossil fuels.”

2) approve the cost (i.e., £10,000) of conducting/measuring the Fund carbon footprint.