In 2018, as part of the borough’s Labour manifesto and the Council’s Corporate Plan, Islington committed to working towards fully divesting the Council’s Pension Fund from companies that extract fossil fuels. Since then, the carbon footprint of the Pension Fund’s shares has already been reduced by 45% as monies have been moved to low carbon energy companies.
In addition, the Pension Fund promises to set aside at least 15% of it’s shares for green investment opportunities such as low carbon tech and green infrastructure.
