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RESOLVED:

a)   
The Committee considered, discussed and noted the
draft Task Force on Climate-Related Financial Disclosures (TCFD)
report, draft member summary and the analysis from the Analytics
for Climate Transition (ACT).

b)   
The Committee reviewed and agreed the proposed
updates to the Fund’s targets that look to align an existing
Engagement Target and implement a new Alignment Target in line with
latest guidance from the Institutional Investors Group on Climate
Change (IIGCC) Net Zero Investment Framework (NZIF) 2.0.

c)   
The Committee agreed that the Fund will carry out
further lobbying for WPP to allow the Fund to meet its exclusion
policy relating to carbon emissions, by excluding the two
outstanding companies in the WPP Sustainable Active Equity
fund.