The Fund is mindful of its fiduciary obligation to members and beneficiary and ensuring that the assets are invested responsibly and generate a long-term rate of return that is sustainable
From an Asset Allocation point of view, the Fund has an allocation to renewable energy via the Developmental Impact Fund. Investment into renewable energy will address the negative consequences of over reliance on coal-generated energy. Currently, we are in the process of developing an Impact Policy which will measure the impact of these investments.
The Fund is signatory to the Principles of Responsible Investment and regularly refers to PRI material in order to stay abreast of the latest climate-related risks. We monitor the portfolios, which are managed externally, on a daily, monthy, quarterly and annual basis with consideration of ESG risks.
We have identified and prioritised engagement on Environmental and Climate Change issues in the Engagement plan.
Further, as per our Proxy Voting Policy, we will leverage our proxy voting power to engage investee companies on environmental disclosure and corporate impact on the environment (ie high pollution, acid water, air pollution by coal fired power stations).