Local Government Pension Scheme

Greater Manchester Pension Fund

Summary

About this fund

Greater Manchester Pension Fund invests at least £1.3B into fossil fuel companies.

Greater Manchester Pension Fund belongs to the Northern Lgps Pool pool.

Other funds in this pool

How much does my council invest in fossil fuels?

subtitle

£29.3B

Fund total

75.6%

Amount screened

£1.3B

Invested in fossil fuels

6.0%

Fossil fuel percentage

Manchester

What type of investment are these assets?

Asset types

Which assets are invested in fossil fuels?

Fossil fuel holdings

  • Shell Plc Ord Eur0.07

    £425.4M

  • Bp Ord Usd0.25

    £252.3M

  • Totalenergies Se

    £109.2M

  • Itochu Corp Npv

    £74.4M

  • Hess Corp Com Stk

    £47.4M

  • Pioneer Nat Res Co Com

    £45.8M

  • Ubs Inv Fds Icvc Ubs Gbl Emg Mkts Eqty Kacc

    £42.6M

  • Equinor Asa Nok2.50

    £42.4M

  • Galp Energia Sgps Eur1

    £37.10M

  • Glencore Plc Ord Usd0.01

    £24.5M

  • Santos Limited Npv

    £23.6M

  • Mitsui & Co Ltd Npv

    £21.4M

  • Legal & General Emerging Markets Equity Index

    £18.10M

  • Legal & General Asia Pacific (ex Japan) Equity Index

    £15.9M

  • Conocophillips Com

    £14.8M

  • Apa Corp Com

    £10.10M

  • Diamondback Energy Inc Com

    £10.2M

  • Williams Co Inc Com

    £9.8M

  • Eog Resources Inc Com

    £7.5M

  • Kkr & Co Inc Cl A Cl A

    £7.3M

  • Legal & General Japan Equity Index

    £5.10M

  • Origin Energy Ltd Npv

    £5.6M

  • Advantage Energy L Com Npv

    £5.3M

  • National Grid Ord Gbp0.12431289

    £4.6M

  • Bhp Group Limited

    £4M

  • Devon Energy Corp New Com

    £4M

  • Tourmaline Oil Cp Com Npv

    £3.8M

  • Sumitomo Corp Npv

    £3.8M

  • Transcanada 4.1% Due 04-15-2030

    £3.7M

  • Legal & General Europe (ex Uk) Equity Index

    £2.9M

  • Enbridge Inc Com Npv

    £2.5M

  • Bp Cap Markets Plc 4.25% 31/12/2049

    £2.3M

  • Bp Cap Mkts Amer 3.194% Due 04-06-2025

    £2.2M

  • Totalenergies Se 2.625% 31/12/2049

    £2M

  • Arc Resources Ltd Com Npv

    £1.9M

  • Bhp Billiton Finance Ltd 4.3% 25/09/2042

    £1.7M

  • Apt Pipelines Ltd 3.5% 22/03/2030

    £1.7M

  • Glencore Fin Eur L 3.125% Gtd Snr 26/03/26 Gbp

    £1.6M

  • Pvtpl Aker Bp Asa 4.0% Due 01-15-2031

    £1.5M

  • Apt Pipelines Ltd 3.125% Gtd Snr 18/07/31 Gbp

    £1.5M

  • Tokyo Gas Co Ltd Npv

    £1.5M

  • Natl Grid Gas Plc 1.125% Snr 14/01/2033 Gbp

    £1.5M

  • Rec Ltd 2.25% Snr Mtn 01/09/26 Usd

    £1.5M

  • Apache Corp Fixed 4.25% Due 01-15-2044

    £1.2M

  • Pvtpl Kinder Morgan Inc Del Sr Nt 144a 5.625% Due 11-15-2023/11-05-2013 Beo

    £1.2M

  • E.on International Finance B.v. 6.125% 06/07/2039

    £1.2M

  • Cms Energy Corp Com

    £1.2M

  • Tauron Polska Ener 2.375% Snr 05/07/2027 Eur

    £1.1M

  • Snam Npv

    £1.1M

  • Southwestn Elec 6.2% Due 03-15-2040

    £1.1M

  • Bp Capital Markets 3.25%-frn Gtd Sub Perp Eur

    £988,300.96

  • Enel Fin Int Nv 1% Gtd Snr 20/10/2027 Gbp

    £943,656

  • Aurizon Fin Pty Ltd 3.0% 09/03/2028

    £938,119

  • Indian Railway Finance 2.8% Due 02-10-2031 Reg

    £893,319

  • Sempra 6% Due 10-15-2039

    £892,603.04

  • Bp Cap Mkts P L C 4.875% Due 12-31-2049

    £884,682.07

  • Suncor Energy Inc 6.5% Due 06-15-2038

    £884,633.90

  • Bp Cap Markets Plc .933% 04/12/2040

    £806,400.47

  • Reliance Ind 3.625% Due 01-12-2052

    £790,026.25

  • Totalenergies Se 2.125% 31/12/2049

    £782,757

  • Bp Cap Markets Plc 3.625% 31/12/2049

    £773,714.21

  • Enagas Sa Eur1.50

    £770,875.03

  • Bp Cap Mkts Amer 1.749% Due 08-10-2030

    £751,809.56

  • Pacificorp 6% Due 01-15-2039

    £666,016.71

  • Eqt Corp 3.9% Due 10-01-2027

    £651,212.28

  • Tc Energy Corporat Com Npv

    £639,047.68

  • Osaka Gas Co Ltd Npv

    £624,874.84

  • Aurizon Holdings Npv

    £621,955.84

  • Eni Spa 3.375% 31/12/2049

    £588,263.55

  • Shell International Fin 4.375% Due 05-11-2045

    £573,513

  • Teck Resources Ltd Class'b'sub-vtg Com Npv

    £563,035.59

  • Enterprise Prods 4.85% Due 03-15-2044

    £482,773

  • Pvtpl Glencore Fdg Llc 4.875% 03-12-2029

    £479,539

  • Pvtpl Cameron Lng Llc 3.302% Due 01-15-2035

    £422,648.12

  • Reliance Ind 2.875% Due 01-12-2032

    £348,166.41

  • Chevron Phillips 3.3% 05-01-2023

    £298,231.75

  • Teck Resources Limited 3.9% Due 07-15-2030 Reg

    £231,186.05

  • Soul Pattinson(wh) Npv

    £194,067.36

  • Southern Co 3.25% Due 07-01-2026

    £170,544.03

  • Omv Ag 2.875% Sub Perp Eur100000

    £158,440.75

  • Pvtpl1 Glencore Fdg Llc Gtd 4.125% Due 05-30-2023 Beo

    £146,603

  • Marubeni Corp Npv

    £136,552.60

  • Aker Bp Asa 3% Due 01-15-2025

    £130,927

  • Firstenergy Corp Fixed 2.25% Due 09-01-2030

    £116,627.30

  • Fl Pwr & Lt Co 2.75% Due 06-01-2023

    £102,757.16

  • Pvtpl Monongahela Pwr 5.4 Due 12-15-2043 Beo

    £99,611

  • Xcel Energy Inc 4.8% Due 09-15-2041

    £93,303.88

  • Ameren Ill Co 2.7% Due 09-01-2022

    £83,991.89

  • Exxon Mobil Corp 2.709% Due 03-06-2025

    £69,902.28

  • Sgsp Australia Assets 2.0% 30/06/2022

    £61,700.30

  • Enel Spa 5.75% Snr Mtn 22/06/37 Gbp

    £51,615.55

  • Williams Partners 4.3% Due 03-04-2024

    £50,291.79

  • Consumers Energy 3.25% Due 08-15-2046

    £48,829.87

  • Legal & General Uk Equity Index

    £41,206.26

  • Southern Co 4.4% Due 07-01-2046

    £34,847.74

  • Kansai Electric Power Co Npv

    £33,868.30

  • Georgia Pwr Co 2.1% 07-30-2023

    £14,644.82

  • Enel Spa Eur1

    £8,705.16

  • Legal & General North America Equity Index

    £8,270.96

  • Enel Spa 8.75%-frn Sub 24/09/73 Usd

    £5,228.32

Who manages these assets?

Asset managers

  • Unknown

    £1.3B

  • Legal And General

    £43.9M

Which fossil fuels is you pension invested in?

Hydrocarbon investments

Where in the world your pension funds fossil fuels

Map

Source: Urgewald, GOGEL 2022

Councillors

If it’s bad for the environment, it’s bad for your retirement. Here are some of the things you can do to get your council to stop funding fossil fuels:

  • Seek representation on your council’s pension fund committee and push for divestment as a popular, moral and financially prudent decision.

  • Pass a divestment motion to sell all shares in fossil fuel companies within a defined number of years.

  • Identify local investment priorities that your pension fund can invest in, as other pension funds have done. Utilise public pension investments for the social good.

Fund managers

The Fossil Fuel age is ending, and financial markets know it. If pension fund committees don’t move their members’ money out of fossil fuels soon; lowering prices, financial instability and likely bankruptcies could cause huge losses.

    Everyone

    This movement has moved trillions out of the fossil fuel industry. But we need to go further, and we need to go faster. Whether you’re a finance wizz, an experienced campaigner, a pension fund member, a union member or completely new to all of this - we need you.

    Join the hundreds of people all across the UK campaigning for fossil free pensions;

    • Find out what your pension is funding and talk to your friends and neighbours about it. Remember, our pensions are for us - you can inform how they are invested too.

    • Work with others! There are 50+ groups campaigning for their pension fund to stop funding fossil fuels. Join one near you, or set one up yourself!

    • Contact your councillors and ask them to prevent public pensions becoming fossil fuel playthings. Use the resources on our website to make your case.