Agenda item

(To receive a report from Claire Machej, Accounting, Investments and Governance Manager, which provides the Committee with an update on Responsible Investment activity during the third quarter of the financial year 2023/24 (October to December inclusive))

Consideration was given to a report presented by the Accounting, Investment and Governance Manager which provided the Committee with an update on Responsible Investment (RI) activity during the third quarter of the financial year 2023/24. The Committee was guided through the report and attention was drawn to the Morgan Stanley’s RI activity and key milestones achieved by the portfolio, as well as the Fund’s annual submission to the Stewardship Code.

The Committee noted the report and were satisfied with the content.

The Committee welcomed the recent response to a question submitted to the Border to Coast Joint Committee regarding the Economic Activity of Public Bodies (Overseas Matters) Bill. It was noted that the Bill was still at the committee stage in the House of Lords and may be amended further. Members were reminded to submit any further questions to the Chairman.

RESOLVED

That the Responsible Investment activity undertaken during the quarter be noted.