The agenda, reports and minutes of today's meeting of the Strathclyde Pension Fund Committee are now available. A video recording of meeting is available here

The committee approved:

  • 3 new impact investment proposals: £25m into a Glasgow-based growth equity fund - Panoramic Fund  3; £25m into Palatine Impact Fund II; and £200m to be available for co-investments.
  • Further development of the SPF Climate Change Strategy. This includes an interim target of 45% carbon reduction by 2030; joining the Paris-aligned Investment Initiative; and implementation of an energy company standards framework with immediate effect.
  • The SPF 2022/23 Business Plan.

Total return for 2021 was +12.9%.

Fund value at 31st December was £28.7bn.

The committee also received a briefing on events in Ukraine (see separate News story).

This will be the final meeting of the committee before Council elections in May.