LGPS Central Limited announced today that it has appointed the stewardship and engagement team at Hermes EOS to provide voting and engagement services.
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LGPS Central Limited, one of eight pooling vehicles across England and Wales, is currently responsible for the management and stewardship of nearly £14bn of assets for nine midlands-based Local Government Pension Scheme (LGPS) funds; Cheshire, Leicestershire, Shropshire, Staffordshire, West Midlands, Derbyshire, Nottinghamshire, Worcestershire, and the West Midlands Integrated Transport Authority.
Michael Marshall, Director of Responsible Investment & Engagement at LGPS Central Limited, said: “At LGPS Central Limited, responsible investment and stewardship are at the heart of our investment process, and we believe that engaging with companies leads to improved outcomes from both a financial standpoint and from a stakeholder point of view. We hope to use our influence as a shareholder to set a high standard for the wider investment community and we believe using the expertise of Hermes EOS will help us achieve our goals.”
Dr. Hans-Christoph Hirt, Head of Hermes EOS, said: “LGPS Central Limited’s objective to act as a responsible, long-term investor, promoting the highest standards of corporate stewardship is one that is shared by Hermes as an active steward, committed to creating long-term value for our clients. Our shared values recognising stewardship and responsible investment as a core part of an asset owner’s fiduciary duty will ensure a collaborative relationship. Our highly-skilled engagers are committed to working with LGPS Central Limited to embed a market-leading, engagement programme.”