Members were advised that the Responsible Investment Working Party had met on the 19^th February 2024 and considered a number of stewardship reports including an initial report on the defence industry. Sustainable investments levers of actions were considered to be either to engage, invest or exclude. There would be a second meeting of the Responsible Investment Working Party in the second quarter, and a work plan had been agreed which would include discussions on the Fund’s investments in defence companies.

Resolved – That the minutes of the Pensions Committee meeting held on 11 December 2023 be agreed as a correct record.