Substantial reductions in fossil fuel exposure were achieved during the period in keeping with the medium term plan. We made new fossil fuel free commitments to developed markets long only equity, emerging markets long only equity, passive global equity, private equity and hedge funds. Our key segregated fixed income fund is already divested. Specifically in emerging markets, we seeded a new fossil fuel free equity fund integrating ESG from Acadian Asset Management.
We also made progress on the objective to invest in proactive solutions to a low carbon economy, notably a new commitment to a private real assets fund focussing on renewable power generation.
We continue to have dialogue with investment managers to change behaviour drive new product creation for sustainable investments promoting a low carbon economy. As an example, during the reporting period we gave feedback during the design phase for a new clean energy equity fund. Based on our engagement, the manager refined their clean energy investable universe and made the fossil fuel exclusion clearer and more transparent. These changes were reflected in the fund documentation prior to its launch. We also made recommendations for their voting policy. We subsequently invested in this fund after the reporting period.