Ms Miriam Adams, Interim Head of Pensions and Treasury stated that the report provided an overview of the stewardship activity carried out by Tower Hamlets Pensions Fund’s investment managers and on its behalf by the Local Authority Pensions Forum (LAPFF) in quarter ending June 2022.

Ms Adams went through the report, highlighting the engagements LAPFF had had with various companies over the quarter, in particular referring members to paragraphs 3.14 and 3.17. The table at paragraph 3.19 showed the number of resolutions cast as no votes. Ms Adams said officers had asked for more details relating to the no votes. She also referred to the voting alert variances and the table at paragraph 3.23 and said more information had been asked for questioning why the climate change strategies had been opposed. Ms Adams said the table on page 26 provided a more detailed breakdown of how votes had been cast.

In response to comments and questions from members the following was noted:

• Members of the Committee had no questions for Ms Adams relating to this report.

The Pensions Committee RESOLVED to:

1. Note the content of the report and appendices.