News

Wales Pension Partnership recognised for ESG Innovation

The Wales Pension Partnership (WPP) is delighted to have been recognised for ESG Innovation, winning this category at the LGC Investment Awards ceremony which was held on 29^th November 2024.

The award reflects the critical importance that the WPP and its constituent authorities continues to place on sustainability issues. It recognises the success of the Sustainable Active Equity Fund, developed and managed in partnership with Waystone Management UK Ltd and Russell Investments, which has grown to become one of the largest sustainable investment funds of its type in the UK.

Launched in July 2023, the fund brings together all eight underlying Authorities within the WPP to invest together sustainably for the first time. Utilising a rigorous research framework and flexible approach to adapt to evolving sustainability themes, the fund offers a solution that aligns with Net Zero climate change goals whilst complementing the existing global equities allocations.

As our implementation partner, Russell Investments brings more than 50 years’ experience of researching and evaluating external managers, utilising both qualitative and quantitative inputs to allow to collaboratively deliver a multi-manager portfolio that both meets today’s needs whilst also being able to meet the sustainable investment requirements of the future.

Commenting, Cllr Elwyn Williams, Chair of WPP’s Joint Governance Committee, said:

“Innovation and collaboration is critical to meet the vital ESG challenges the world faces today. We remain wholly committed to delivering best-in-class investment solutions for the benefit of our members and look forward to working with our partners to further address critical sustainability issues.”