2020 Report (Climate Emergency)

By the end of 2020 all four major councils in the fund had declared a Climate Emergency

• CPF is valued at £6 billion, managed by a small group of managers and consultants without regard to Cheshire and the communities we live in.
• Many current investments are damaging and counter-productive to council services, and our communities and families.
• None of the buildings owned by CPF are in Cheshire, Warrington, or Halton.
• Green projects here in Cheshire  would stimulate local growth, generate employment, encourage training,  and reduce fuel poverty

We have asked councillors in CWAC, Cheshire East, Warrington and Halton to support our campaign for divestment to reach Net Zero

• Current council employees pay their personal contribution for their future pension. 
• All residents pay Council Tax, which pays the “employers contribution”.

In December 2020 CPF published a Climate Change Strategy

Also in December 2020 CBP 8950 discusses Clause 124 of the Pension Schemes Bill 2019/21.  This will “require occupational pension schemes to manage the effects of climate change effectively as a financial risk to their investments and to report publicly on how they have done so.”