Scottish public pension fund partners with MSIM on sustainability

Scottish Borders Council Pension Fund has become the first UK local authority pension fund to invest in Morgan Stanley Investment Management’s (MSIM) Global Sustain Strategy.

Launched in 2018, the strategy is managed by MSIM’s international equity team and invests in firms that are carbon light, tobacco-free, alcohol-free, and free of fossil fuels.

Councillor David Parker, the pension fund’s chair, said: “The Scottish Borders Council Pension Fund believes that a positive approach to ESG issues can positively affect the financial performance of investments whereas a failure to address these considerations can have a detrimental effect.

“The fund is therefore pleased that an asset manager we have partnered with for 7 years is now offering an investment strategy that fully integrates ESG principles while delivering on the long-term needs of our pension funds.”

Scottish Borders Council Pension Fund manages £711 million (€829 million) of assets on behalf of 18 underlying employee organisations.

MSIM had US$463 billion (€409 billion) of assets under management as of 31 December 31, 2018.

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST