Scottish Borders Council Pension Fund Commits to Timberland Strategy
Written by: Helen Bascom, Marketing Associate
The Scottish Borders Council Pension Fund announced a commitment to the Nuveen Global Timberland strategy with potential for future allocations.
According to the press release, Matthew Hamber at Nueen stated that “Natural capital solutions continue to be of interest amongst LGPS investors as they seek to decarbonise their portfolios and solutions to achieving Net Zero targets. Our partnership with Scottish Borders is a major milestone for our Global Timberland strategy and is further indication that UK institutional investors see the full range of benefits of allocating to natural capital as an asset class. We look forward to deepening our partnership with the Scottish Borders Council Pension Fund and working as a solutions provider to meet both its investment and climate-based targets”.
This is the pension fund's first allocation to natural capital assets with opportunities for future allocations, as part of the fund’s initiative towards decarbonising its portfolio.
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