NET ZERO - OUR GOALS

WE’RE COMMITTED TO NET ZERO

We are committed to managing the risks posed by climate change.  

We’ve published a climate change policy since 2017 and we want to show how we will achieve our ambition to become net zero by 2050.  

Our net zero emissions aspiration is the next step in maintaining the long-term financial sustainability of our Fund, protecting our members’ financial future and being a responsible investor.  

To find out more, read our Net Zero Progress Report.

For further information and a glossary of terms, please see the original 2022 Investor Climate Action Plan.

left image

£7.7 billion

pension fund

(at 31 March 2023)
right image

97,500

members

(at 31 March 2023)

OUR GOALS

We have 6 goals that we will focus on to achieve our 2050 ambitions. We’ll track our progress against each one. We’re focusing on stocks and shares first but will be publishing our targets for our other assets soon.

Portfolio Emissions

1

Temperature Rise

2

CLIMATE SOLUTIONS

3

ALIGNMENT

4

ENGAGEMENT

5

OPERATIONAL EMISSIONS

6

1
1

PORTFOLIO EMISSIONS REDUCTION GOAL

This goal is the commitment to decrease our overall greenhouse gas emissions by 2030.

View our progress

75%

Reduce emissions by 75% by 2030
2
2

IMPLIED TEMPERATURE RISE GOAL

This is a measure of the real-world implications of our progress and what we want to happen from our alignment and engagement goals. By ensuring that our investments are aligned to net zero we expect our implied temperature rise to be consistent with the Paris Agreement and well below 2°C.

View our progress

2°C

Maintain an implied temperature rise that is consistent with the Paris Agreement
3
3

CLIMATE SOLUTIONS GOAL

This is the commitment to ensure a proportion of the fund is invested in industries and companies that will help the world reduce carbon emissions. This could mean anything from renewable energy to carbon capture to forestry operations. We'll be announcing a target here soon.

View our progress

Increase investment in climate solutions. Set a percentage target in 2023
4
4

ALIGNMENT GOAL

This is the commitment that LPFA want every investment in our portfolio to be aligned with net zero. We aim for this proportion to rise to 55% by 2030.

View our progress

32%

At least 32% of material sector investments aligning to net zero by 2025
5
5

ENGAGEMENT GOAL

This is the commitment that we will meet, speak and write to companies in which we invest to ensure that they're also making progress towards alignment.

View our progress

70%

At least 70% of financed emissions aligned with net zero or subject to engagement, starting immediately
6
6

OPERATIONAL EMISSIONS REDUCTION GOAL

This is our commitment to hold ourselves to the same standard as the companies we invest in. We will achieve this through changes to our office environment and how and when we travel.

View our progress

50%

Reduce GHG emissions per full time employee by 50% by 2030

CLIMATE ACTION PLAN

Our 2022 Investor Climate Action Plan sets out how we are going to reduce all the greenhouse gas (GHG) emissions from all the assets in the Fund to net zero by 2050.

You can read our original report by clicking on the button below.

READ MORE
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