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:
- 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.
- 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.
- 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.