Decision details

(a)  The Committee agreed to adopt a 2050 Net Zero ambition for the Fund’s investment strategy, noting this may be updated to an earlier date following further consideration and analysis.

(b)  The Committee agreed the high level net zero work plan or roadmap as detailed in 1.07. This roadmap laid out the next steps required to set net zero target(s) underpinned by a credible implementation plan.

(c)  The Committee agreed to formally request that the Wales Pension Partnership offer an Active Sustainable Global Equity Sub-Fund and that the necessary project to construct this Sub-Fund commences as soon as possible.