That represents around 3% of the government pension scheme, with the investment going into a newly-launched Environmental Opportunities Fund
The London Pensions Fund Authority (LPFA) has announced plans to invest around £250 million in environmental solutions assets that will support its net zero ambitions.
That represents around 3% of the government pension scheme, which manages £8 billion in assets, with the investment going into a newly-launched Environmental Opportunities Fund.
The latest announcement supports the LPFA’s commitment to being a net zero fund by 2050.
As part of that commitment, signatories are required to publish a target for investment in climate solutions, i.e. technologies and businesses that mitigate and adapt to climate change, including renewable energy, energy efficiency or nature-based solutions like reforestation.
