North Yorkshire Council Pension Fund has committed nearly £200 million to environmentally sustainable investments as part of its ongoing strategy to focus on green initiatives. The investment into the Border to Coast Pensions Partnership Climate Opportunities Fund is a significant step in diversifying the fund’s portfolio towards clean energy, infrastructure, new technologies, and carbon capture.

This strategic allocation was decided at a meeting held at County Hall in Northallerton, where committee members from various political parties, including the Conservatives, Labour, the Liberal Democrats, and the Greens, unanimously agreed to the investment. The decision underlines the fund’s commitment to supporting emerging industries that promise sustainable growth and returns.

Councillor George Jabbour, who chaired the committee, emphasized the importance of this move for the future of the fund. “Allocating four per cent of the assets of the North Yorkshire Pension Fund to this new programme means that we would be investing nearly £200 million in areas that offer substantial opportunities for our members and the broader community,” he stated.

The North Yorkshire Pension Fund, valued at approximately £5 billion and serving nearly 100,000 members, continues to be recognised as a leader in responsible investment. The fund’s approach reflects a growing trend among major financial institutions to prioritize investments that contribute to a sustainable future.