Pension fund's carbon footprint keeps shrinking

A MULTI-BILLION-POUND public sector pension fund is exceeding a greenhouse gas reduction target year on year, a meeting heard.

- RICHARD YOULE

Dyfed Pension Fund, whose members include council and other public sector employees in Mid and West Wales, was valued at £3.46bn in March 2024.

Around 65%-70% of this portfolio is invested in equities or stocks and shares and a decision was taken years ago to reduce equity exposure to carbon-intensive companies by 7% per year compared to the fund’s baseline figure in September 2020.