Agenda

The Chair will draw attention to the emergency evacuation procedure as set out under Note 5.

At this point in the meeting declarations of interest are received from Members in any of the agenda items under consideration at the meeting. Members are asked to indicate:

(a) The agenda item number in which they have an interest to declare.

(b) The nature of their interest.

(c) Whether their interest is a disclosable pecuniary interest or an other interest, (as defined in Part 4.4 Appendix B of the Code of Conduct and Rules for Registration of Interests)

Any Member who needs to clarify any matters relating to the declaration of interests is recommended to seek advice from the Council’s Monitoring Officeror a member of his staff before the meeting to expedite dealing with the item during the meeting.

Natural Capital was identified at the last climate policy review as an area the Fund should explore further given its ambitious Net Zero 2045 target. To date, significant progress has been made to decarbonise the portfolio, however decarbonisation alone has limited real world impact.

This paper reports on the performance of the individual portfolios and seeks to update the Panel on routine aspects of the Fund’s investments. The report contains performance statistics for periods ending 30 September 2024.

The Funding and Risk Management Group (FRMG) is responsible for agreeing the operational aspects relating to the Fund’s Risk Management Framework (RMF) thereby ensuring that strategic objectives continue to be met. This quarters report includes the annual health check of the risk management framework, which looks at options for utilising excess collateral held within the QIF. 

This report sets out the forward agenda for the Panel for 2025. It is provisional as the Panel will respond to issues as they arise and as work is delegated from the Committee.