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Climate Change

Climate Change

SPF Logo 2020

"SPF believes that Climate Change is a systemic risk and thus, a material long-term financial risk for any investor that must meet long-term obligations."

SPF Climate Change Strategy 2020

 

 

We are an active member of key investor coalitions fighting climate change.

IIGCC   Climate Action 100+

 

 

 

In our Annual Report we explain how we manage climate change risks and opportunities as recommended by the Task Force on Climate Related Financial Disclosures.


Annual Report 2020 Front Page

This may be a legal requirement in 2023, but we are happy to have been an early adopter.

TCFD

The TCFD recommendations call for asset owners to disclose a weighted average carbon footprint. In 2018 the Fund's weighted average listed equity footprint was 192.5 tCO2e/£ revenue, which is 4.8% lower than in 2016 and 6.2% lower than that of the MSCI All Country World Index.                                                                                                      

 

To date our Direct Investment Portfolio has committed over £500m to UK renewable energy infrastructure investments which include specialist onshore and offshore wind funds, UK solar funds and generalist renewables and community power funds.

Scot Wind Farm Solar Panels

 

 

J.P.Morgan Asset Management

The Fund's is an investor in the JP Morgan Infrastructure Investments Fund (IIF). The IIF has over USD 3 billion invested globally in renewable power generation, producing 4.8 GW of renewable energy capacity - enough to power 3.7 million homes for a year.