Local Government Pension Scheme

Strathclyde

Summary

About this fund

Strathclyde invests at least £433.8M into fossil fuel companies.

This fund does not belong to a pool

    How much does my council invest in fossil fuels?

    subtitle

    £28.4B

    Fund total

    65.5%

    Amount screened

    £433.8M

    Invested in fossil fuels

    2.3%

    Fossil fuel percentage

    Strathclyde

    What type of investment are these assets?

    Asset types

    Which assets are invested in fossil fuels?

    Fossil fuel holdings

    • Npac - Namerica Eqtyindx Hgd Ofc

      £94.1M

    • Upag - Uk Equity 5% Cap Pass (ofc)

      £56.1M

    • Gpfx Rafi Fdmntl Gbl Eq Lct Ofc

      £38.4M

    • Mfo Link Fund Solutions Ltd Lf Ruffer

      £36.8M

    • Epaf - Europe Exuk Eqindfdcurrhgd Ofc

      £27.6M

    • Xpak - Ftse-rafi Em Mkts Equity (ofc)

      £25.3M

    • Gpfy Rafi Fdtl Gbleqlct Gbphd Ofc

      £21.5M

    • Eni Spa Eur1 Com Stk

      £20.1M

    • Mfo Ashmore Sicav

      £16.9M

    • Npab - N America Equity Index (ofc)

      £14M

    • Bp Ord Usd0.25 Com Stk

      £9.9M

    • Mfo Babson Capital Global Inv Fd 2 Plc

      £9.7M

    • Totalenergies Se

      £9.6M

    • Bhp Billiton Ltd Cdi

      £8.4M

    • Equinor Asa Nok2.50

      £7.7M

    • Reliance Industries Inr10(100%demat)

      £6.10M

    • Royal Dutch Shell Ord Eur0.07

      £6.7M

    • Epae - Eur(ex Uk) Eqty Ind(ofc)

      £5.8M

    • Jpab - Japan Equity Ind Hgd Ofc

      £5.2M

    • Nextera Energy Inc Com

      £4.9M

    • Ppab - Asiapace Xjapdeveqty Ofc

      £2.7M

    • Matador Res Co Com

      £2.7M

    • I3 Energy Plc Ord Gbp0.0001

      £2.1M

    • Jpaa - Japan Equity Index (ofc)

      £669,753.39

    • Seven Group Hldgs Ltd Npv

      £3,561.36

    Who manages these assets?

    Asset managers

    • Legal And General

      £206.2M

    • Unknown

      £189.3M

    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.