Keep up to date with news about responsible investment
The Kent Pension Fund Responsible Investment (RI) Policy sets out how Environmental, Social and Corporate Governance (ESG) issues will be considered when making investment decisions. Find out about the responsible investment policy (PDF, 624.1 KB)
The policy explains the approach we expect our Fund Managers to take on our behalf to engage with and encourage responsible investment behaviour from the companies we invest in. This can be in the form of shareholder voting or meetings with the companies regarding ESG issues.
Net zero commitment
The Kent Pension Fund Committee has agreed an ambitious policy package to address climate risk, including a headline net zero target of 2050; interim emission reduction goals aligned with limiting global temperature increases to 1.5°C; and a 15% target allocation to sustainable investment assets by 2030.
In addition to adopting a net zero target of 2050, the Fund will also target a 43% reduction in emissions arising from its equity investments by 2030, and a 69% reduction by 2040. This pathway is consistent with the pace of decarbonisation required by the latest science to limit global warming to 1.5°C, as assessed by the Intergovernmental Panel on Climate Change. As the global economy moves away from fossil fuels over the coming decades, the interim milestones will be critical in helping the Fund to navigate transition risk safely.
Read the full net zero commitment statement
Responsible investment working group
To increase its capacity for the consideration of responsible investment issues, the Kent County Council Pension Fund Committee has created a responsible investment working group. This group is tasked with development and implementation of the Fund’s RI policy and to make recommendations to the Pension Fund Committee where appropriate.
Terms of reference
The working group has been established to review the feedback from stakeholders to the recent consultation on the Fund’s RI policy and recent environmental initiatives, and:
- Consider the further development of the Fund’s RI policy, and make recommendations to the Pension Fund Committee for amendments to the current policy.
- Consider the implementation of the agreed policy and make recommendations to the committee.
- Report to the Pension Fund Committee who will make decisions on the policy and its implementation.
- Should the group wish to engage the services of an advisor, this will need to be agreed by the Committee beforehand.
Voting
The Fund’s RI Policy requires our managers to report on their voting decisions. In addition we also receive reports relating to how our investments in our ACCESS pool are being voted on.
Voting summaries
We collate the summaries received from our Fund Managers on a quarterly basis. The information details the results of votes made on the Fund’s behalf by our investment managers at a variety of meetings at the companies in which they invest in. Some examples of issues that are voted upon are:
- election of board members
- distribution of bonuses
- diversity issues
- approval of financial statements
- environmental issues.
Find out the voting summaries for the periods:
- 1 January to 31 March 2024 (XLSX, 222.3 KB)
- 1 October to 31 December 2023 (XLSX, 215.9 KB)
- 1 July to 30 September 2023 (XLSX, 221.4 KB)
- 1 April to 30 June 2023 (XLSX, 1.1 MB)
- 1 January to 31 March 2023 (XLSX, 260.4 KB)
Find out voting summaries in previous periods
Contact us
For enquiries relating to responsible investment, please email PFresponsible.investment@kent.gov.uk