Merseyside Pension Fund (MPF) has £8.9B in assets and nearly 140,000 scheme members.* Over recent years, MPF has sought to future-proof its pension promises against the systemic risks posed by climate change. Specifically, MPF wished to integrate sustainability parameters into the fund’s investment beliefs and policies. 

A key step came in January 2019, when MPF joined forces with FTSE Russell and State Street Global Advisors to implement a new sustainable investment strategy. This came in the form of a £400M allocation to a passive equity portfolio tracking the FTSE All-World Climate Balanced Comprehensive Factor Index.