Strathclyde Pension Fund (SPF) has now agreed to an enhanced climate change strategy with the explicit objective of implementing an investment strategy that is consistent with achieving the goal of global net-zero emissions by 2050.

The £26.8bn fund will now have a target of net-zero emissions across its own portfolios by 2050, will switch its current RAFI Global Allocation to the RAFI Fundamental Climate Transition Index and will conduct an assessment of energy sector companies in its portfolios and will disinvest from any that are not meeting minimum standards in relation to the energy transition.

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