Meeting documents

SCC Somerset Pensions Board
Friday, 21st October, 2022 10.00 am

  • Meeting of Somerset Pensions Board, Friday 21st October 2022 10.00 am (Item 9.)

The Chair may raise any items of urgent business.


The Chair invited Mr Sigurd Reimers to read his second statement. Mr Reimers stated that one way of measuring a pension company’s commitment to ESG is via their voting records and how often and effectively ESG arrangements are questioned and challenged, including evidence of these. Brunel partners may also request a vote at the AGM. Voting records are available on Brunel’s website and are made available quarterly for both active and passive funds adhering to the legal fiduciary duty.


All passive investments are now aligned with the Paris Agreement on Climate Awareness. If companies do not take the appropriate action, then they will be squeezed out by other companies who are acting appropriate in term of ESG.


It was explained that ESG benefits can often be difficult to quantify and gave the example of investment in Siemens who invest in wind turbines.


The next meeting of the Pensions Board will take place on 20 January 2023.


The Chair thanked all members for attending.


The meeting ended at 12:33pm