The committee had its quarterly meeting on 4th March.
The committee considered a report on the Fund's management of climate related risks and opportunities.
SPF has consistently led among investors in supporting a just transition to a low carbon economy. The committee noted SPF's current approach to climate change and agreed to continue consideration of a net-zero carbon objective and other potential strategy developments.
The committee also:
approved a £25m investment in Palatine Private Equity Fund IV
approved SPF's 2020/21 business plan
approved publication of a revised pension administration strategy effective from 1st April 2020 and
noted a number of other reports.
The Fund's total return for 2019 was +14.6%.
Fund value at 31st December was £23.7 billion.