Brunel commits to net-zero portfolio by 2050
Reflections captured of city hall in Bristol, England.
Brunel Pension Partnership, Bristol, England, improved the carbon efficiency of its portfolio vs. its benchmark to 22% in 2020 from 15.4% a year earlier, as part of efforts to reduce carbon emissions by half by 2030.
The pension pool is aiming to eliminate carbon emissions across all investments by 2050, its second annual responsible investment and stewardship outcomes report said Thursday.
The report also said Brunel reduced the carbon intensity of its active listed equity portfolio by at least 7% vs. in 2019. Active listed equity constitutes 46% of its current holdings. Brunel also invests 32% in passive listed equities, 8% in infrastructure, 5% in private equity, 3% in real estate and 6% in other asset classes.