Issue

Fiduciary duties

1 story · discussed at 1 council meeting · 2 councils

Hackney Pension Fund is setting climate targets as part of its fiduciary duties, while Lewisham reviews pension committee terms.

Hackney Pension Fund has set a target to achieve net zero emissions by 2040, as reported in September 2026. A Task Force on Climate-related Financial Disclosures (TCFD) report, as of March 2026, showed a 29.4% reduction in its scope 1 and 2 carbon footprint since 2023. This progress aligns with interim targets for 2030 and 2040.

In September 2026, Lewisham Council's Governance Committee discussed amendments to pension committee terms of reference. Fiduciary duties involve the legal or ethical obligations of a trustee to act in the best interests of beneficiaries, particularly in financial or investment contexts, such as those of a pension fund.

Key facts

  1. Hackney Pension Fund set a target to achieve net zero emissions by 2040. Source
  2. Hackney Pension Fund reduced its scope 1 and 2 carbon footprint by 29.4% since 2023. Source
  3. The fund's carbon footprint decreased from 54.4 Emissions/£m in March 2023 to 38.4 Emissions/£m in March 2026. Source
About this summary

This summary was written automatically from our published stories and the council meeting records they draw on, with background from Wikipedia. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.

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