The Director of Pensions introduced the report which provided Board members with a copy of the report taken to the previous Pensions Committee regarding shorter-term net zero investment targets for Merseyside Pension Fund (MPF) in accordance with its longer-term goal for the Fund’s assets to be net zero by 2050.

The Director of Pensions outlined three recommendations to the Board, the first was a proposal to achieve a 50% reduction of the carbon footprint by 2030, the second was to maintain alignment with the Paris agreement and the third was for investment in climate solutions.

Resolved – That the report be noted.