Further substantial reductions in fossil fuel exposure were achieved during the reporting period in keeping with the medium term plan. We made new fossil fuel free commitments to listed equity, private investments and hedge funds. Our key segregated fixed income fund is already divested. Specifically in public equity we funded a low carbon passive solution, and invested with a leading sustainable active manager showing leadership on ESG issues.
We also made progress on the objective to invest in proactive solutions to a low carbon economy, notably a new commitment to a thematic clean energy fund. We also tilted our low carbon passive towards companies with green revenues, doubling exposure here.
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 thematic clean climate change fund. Based on our engagement, the manager refined their clean energy investable universe and made the fossil fuel exclusion clearer and more transparent.