Pension invests in green fund

By Michael Burton | 11 October 2019

A council pension scheme has become one of the first to invest in a new ‘green’ fund which supports low carbon technology.

Cheshire Pension Fund is investing £500m in the Local Government Pension Scheme (LGPS) Central Climate Factor Fund which was launched this week by nine local government pension funds in the Midlands. The fund will move away from companies with greater carbon emissions and fossil fuel reserves and specifically toward those with green revenues.

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