On the go: The £38.3bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £60bn, has reappointed Robeco to provide it with voting and engagement support services.
Following a public procurement process, the pool reappointed Robeco to provide voting and engagement support, a mandate worth £20bn of equity assets.
According to BCPP, the ongoing partnership with Robeco will “provide the support needed to implement its voting and engagement policies, ensuring that the pool can continue to effectively use its collective voice to influence companies and drive positive, real-world change as an active steward”.
Chief executive Rachel Elwell said: “As a long-term, responsible investor working on behalf of asset owners, it is vital that we make the most of the collective scale we have gained by pooling to use our stronger voice through engagement and to have greater influence as an active owner of the companies in which we invest.”
She continued: “Together with Robeco, we will continue to collaborate to establish successful voting and engagement practices across multiple sectors, asset classes and countries, vital for delivering on our purpose to make a difference for the LGPS.”
Robeco was initially appointed in 2018. The pool said its engagement work has grown significantly in the past four years. Since 2018, the number of voting resolutions increased from 3,000 in 2018-19, to more than 12,000 in 2021-22.
This article originally appeared on MandateWire.com
