LPFA publishes latest investor climate action progress report
Author: LAPF Investments | Published: May 15, 2026
The London Pensions Fund Authority (LPFA) has published its latest investor climate action progress (ICAP) report, showing overwhelmingly positive progress on its targets.
The news supports member feedback on the fund’s approach to climate-related risks and opportunities, with some highlights including an almost 80% reduction in emissions intensity across listed equities and corporate bonds since 2019.
Additionally, there was a new three percent allocation to environmental opportunities – supporting a fund-wide investment of five percent in climate solutions. Alongside this, more than half of global equity holdings in material sectors are now assessed as aligned or aligning with the Paris Agreement.
All this comes off the back of the fund’s 2025 member survey which shows strong support for responsible investment, with nearly three quarters saying the fund should use its influence to support positive environmental and social outcomes.
More than three quarters also emphasised the importance of responsible investment that minimises environmental harm.
LPFA chief executive Jo Donnelly said: “Our members tell us they care about how the LPFA is invested and about the long-term risks facing the Fund. The ICAP is a key example of how we turn that feedback into action.
“This progress report shows that climate considerations are being built into our investment approach in a way that supports the financial security of the Fund, so we can continue to pay our members’ pensions as they fall due.”
