David Anderson – 2015 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by David Anderson on 2015-11-25.

To ask the Secretary of State for Communities and Local Government, if he will amend the Local Government Pension Scheme to permit boycott, divestment and sanctions policies; and if he will make a statement.

Mr Marcus Jones

We will issue guidance to local government pension scheme administering authorities in the spring on how their policies on environmental, social and corporate governance matters should reflect foreign policy and related issues. This will make clear that their predominant concern should be the pursuit of their financial return on investments and that they should not pursue boycott, divestment and sanctions policies unless they are consistent with UK foreign policy.