UK – The 2.6 billion pound (3.9 billion euro) South Yorkshire Pensions Authority has reappointed Pensions Investment and Research Consultants for three-year corporate governance and socially responsibility investment mandates. The size of fee was not disclosed.
The appointment also now includes the smaller South Yorkshire Passenger Transport Authority, PIRC said in a statement. South Yorkshire is a county in northern England.
PIRC managing director Alan MacDougall declined to comment on the fee for the business. He said in a statement: “We are proud that the SYPA and SYPTA funds have renewed their contracts with PIRC.”
“As market leaders in governance and SRI, the South Yorkshire authorities believe that PIRC can benefit the funds’ continuing obligations on shareholder engagement.”
SYPA Fund managers’ John Hattersley said: “The authorities believe that monitoring corporate social responsibility issues at the companies in which we invest our beneficiaries’ money is vital; to minimising risk and enhancing value.”