Decision details

(a)  to note the Risk Register; and

(b)  to note the recommendation from the Local Pension Board and to inform the Board of its decision not to include a separate line for Climate Change, for the reason that the term ESG incorporated a much wider range of other issues not specifically related to climate change. However, to assure the Board that this issue would be monitored carefully and the would be revisited if the situation changed and intervention was required.