Decision details

There were two motions submitted in accordance with Standing Order 4.8.12.

(A)  Motion of No Confidence in the Leader of the Council

RESOLVED: That the current Leader of the Council was removed.

(B)  The Local Government Pension Scheme & Responsible Investment

RESOLVED: That Council:

(1)   Instructed the Acting Leader of the Council to write formally to the Pensions Committee of Hertfordshire County Council to:

1. Express our concerns above, and request that under its fiduciary duty, it takes action to divest from all pension fund investments in companies that profit from the manufacture of weapons and military technology used contrary to international law, and from any companies found to be profiting from business activity which is illegal under international law.

2. Request the Hertfordshire Pension Fund to apply Environmental, Social, and Governance (ESG) standards to not just directly held managed funds but also pension fund assets pooled with ACCESS.

3. Request that the Hertfordshire Pension Committee will regularly disclose details of all holdings (including directly managed and those pooled with ACCESS) annually for the public to see that the fund is complying with International Law.

(2)   Instructed that at the next scheduled review of North Hertfordshire District Council’s own Investment Strategy; the review specifically considers how to align with the above investment principles.