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In 2015 we set ourselves the target to maintain at least 25% of our investments in clean technology and other sustainable opportunities across all asset classes.

As at 31 December 2018, 39% of our investments were in clean technology and other sustainable opportunities, representing a value of £1.35bn. This is a 1% increase from 2017/18 (£1.30bn).

Alongside this, we aimed to invest 15% of the Fund in low carbon, energy efficient and other climate mitigation opportunities by 2020. By 2018 we have 11% invested. This is an increase of 1% from last year.

We also want to decarbonise our equity portfolio, reducing our exposure to ‘future emissions’ by 90% for coal and 50% for oil and gas by 2020 compared to the exposure in our underlying benchmark as at 31 March 2015. Coal is currently 56% less than our baseline. Oil and Gas is currently 95% less than our baseline.

Last updated: 25/05/2021

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