Issue - meetings

To present members with an update on engagement activity undertaken by the Local Authority Pension Fund Forum (LAPFF) on behalf of the Fund.

Manish Shah (Senior Finance Analyst) introduced the report from the Corporate Director Finance & Resources which outlined the latest Local Authority Pension Fund Forum (LAPFF) Engagement Update.

In presenting the update, members were advised that the LAPFF had been established to promote the highest standards of corporate governance in order to protect the long-term value of local authority pension funds and engage directly with companies in which investments were held in order to affect change, understand views on company behaviour and risks with engagement being member led and designed to advance corporate responsibility and responsible investment on the basis of collaboration strengthening the voice of Pension Funds.

In noting the summary of key engagement work undertaken by the LAPFF during January - March 2026 (as detailed in Appendix 1 of the report) key areas of activity were highlighted in relation to water utilities, climate risk and resilience strategies alongside engagement with automotive manufacturers to assess how they were managing the human rights and supply chain risks associated with a transition to electric vehicles.

Having noted the viability and advantages available through the sustained collective effort and pressure that could be applied through the LAPFF in seeking to promote corporate responsibility and responsible investment, rather than by single Pension Funds acting individually, the Chair thanked officers for presentation of the report and with no further questions or comments, the Sub Committee RESOLVED to note the report.