Border to Coast Pensions Partnership, one of the largest Local Government Pension Scheme (LGPS) pools in the United Kingdom, with more than 1.1 million LGPS members, has announced that it is strengthening its responsible investment policies in order to support climate and ESG risk management.
In addition, Border to Coast will not invest in organizations where thermal coal power generation is more than 50 percent of revenue, for companies listed in developed markets, and 70 percent of revenue for companies listed in emerging markets.
Border to Coast also will vote against the chair of the board where a company covered by Climate Action 100+ fails indicators of the Net Zero Benchmark covering emission reduction targets and from 2024 decarbonization strategy.
Border to Coast also will vote against the chair of U.K. nomination committees if the board is composed of less than 40 percent female directors, and for FTSE 250 companies if the board does not have at least
