Avon’s Local Impact Portfolio on track to reach £300m by 2027
Author: LAPF Investments | Published: March 27, 2026
Avon Pension Fund’s Local Impact Portfolio is on track to reach £300m by 2027, according to its latest Responsible Investment Report.
The portfolio is already delivering benefits, with more than £50m invested in areas such as renewable energy – including regional solar projects – affordable housing, and small and medium-sized enterprises.
It has also achieved a 71% reduction in the carbon footprint of its equities since 2020, meaning it has already met its 2030 target. There has also been a 65% reduction in the carbon footprint of its corporate bonds since 2020, with around 15% of its investments supporting climate solutions such as renewable energy.
Additionally, the fund has continued to actively engage with the companies it invests in.
This has resulted in 71% of the emissions from high-impact, hard-to-decarbonise industries in which it invests – such as aviation, cement, and steel – already taking steps towards achieving net zero or actively engaging on how to improve. The Avon Pension Fund has also exceeded its 2024 engagement goal and is building momentum towards reaching 90% by 2027.
Overall, working with Brunel and EOS at Federated, it has engaged with 382 companies, focusing on areas such as climate risk, transparency, governance, and other ESG issues.
