Pension Funds and Low Carbon

MQT on 2014-07-23
Session date: 
July 23, 2014
Question By: 
Murad Qureshi
Labour Group
Asked Of: 
The Mayor


Will the Mayor ask the London Pension Fund Authority to research the potential for directly investing in London low carbon projects?


Answer for Pension Funds and Low Carbon

Answer for Pension Funds and Low Carbon

Answered By: 
The Mayor

LPFA is a responsible long term investor and has a £147m commitment to renewable and low carbon projects. These are chosen based on their return to the fund, rather than their geographical location.  However one particular fund, Foresight Environmental 1, includes a £10m commitment to renewable energy and recycling assets in London.


LPFA's investments are governed by an approved Statement of Investment Principles.  This states how and what needs to be considered when making an investment.  One of LPFA's stated beliefs is that investments incorporating environmental, social and governance factors provide the best long term returns to pay pensions and we encourage environmental, social and corporate governance best practice in the companies in which we invest.