Issue - meetings

11.1     The Committee considered a report introduced by Sian Kunert who drew the Committee’s attention to one minor change made to risk A1 regarding skills gaps within the admin team and have produced an exempt report regarding the risk register to be considered by the Committee at a later agenda item.

11.2     The Committee discussed the escalation of the employer data risk from amber to red which is due to an event regarding a specific employer rather than considering all employers and their overall impact on the risk and noted that there are a number of different data aspects that are affecting the fund and are considered within the employer data risk.

11.3     The Committee discussed mitigation of risk I7 – Climate Change including escalation plans for when engagement is not effective which includes disinvesting from the high carbon or fossil fuel company and noted that there have been examples of this in the past and this information is within the engagement reports and a report that will be considered by the Committee at the strategy day in July.

11.4     The Committee RESOLVED to review and note the Pension Fund Risk Register.