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  • Investment in Tobacco Companies and the Arms Trade (Supplementary) [8]

    • Question by: Damian Hockney
    • Meeting date: 17 January 2007
    Our pensioners, Mr Newton, I am sure will take great heart I have to say from what I regard as a very responsible stand and your defence of their interests so I do congratulate you for that. One thing occurred to me. Obviously some people round here have talked about ethical investment and ethical being from their own stance. I totally accept and respect their position. Is there a possibility - and I certainly would not want such a thing; I do not want my pension being played as part of politics, even with things that I believe in personally...
  • Investment in Tobacco Companies and the Arms Trade (Supplementary) [9]

    • Question by: Nicky Gavron
    • Meeting date: 17 January 2007
    Could I ask what your policy is on corporate social responsibility and how that affects your investment strategy?
  • Investment in Tobacco Companies and the Arms Trade (Supplementary) [10]

    • Question by: Jennette Arnold OBE
    • Meeting date: 17 January 2007
    I did not hear your answer. Is your answer that your fund managers are being asked to move this share out of the current investment portfolio?
  • Investment Decisions (Supplementary) [1]

    • Question by: Roger Evans
    • Meeting date: 17 January 2007
    You say the Mayor has been careful to pick you a good Board. Has there been an increase in the politicisation of the Board since the Mayor took that job off the DTI?
  • Investment Decisions (Supplementary) [2]

    • Question by: Roger Evans
    • Meeting date: 17 January 2007
    You have got the avenues, but how would you identify where there was demand? Where would you say a line should be drawn?
  • Investment Decisions (Supplementary) [3]

    • Question by: Roger Evans
    • Meeting date: 17 January 2007
    Some people might argue that your Board of Trustees have a role here. Is the type of discussion we have had this morning the sort of discussion that you have there?
  • Investment Decisions (Supplementary) [4]

    • Question by: Roger Evans
    • Meeting date: 17 January 2007
    So you would not foresee any increases in employee or employer contributions if your investment strategy works?
  • Investment Decisions (Supplementary) [5]

    • Question by: Roger Evans
    • Meeting date: 17 January 2007
    You have mentioned there that the opinion of the final beneficiaries is important in this calculation. How would you go about ascertaining that opinion, because there has been a fair difference of it around the table today?
  • Investment Decisions (Supplementary) [6]

    • Question by: Mike Tuffrey
    • Meeting date: 17 January 2007
    Can I just ask you to confirm you're responsible investment stamps, and what I would regard as a false choice between returns and responsible investment? If we cast this less in terms of not investing in so called bad things, and more in terms of investing in good things that will contribute to long term sustainablity, is that a summary of your position? My colleague, Jennette [Arnold] has rightly given me some evidence to say that ethical investment can outperform mainstream, but my hunch is that is ethical as defined in terms of sustainable, rather than screening out the bad...
  • Investment Decisions (Supplementary) [7]

    • Question by: Mike Tuffrey
    • Meeting date: 17 January 2007
    So if you are in a position to put our money behind, as it were, good things going forward, just picking up this particular question in terms of responding to lobbying, crudely, what role does the Mayor play - we have touched on the Board appointments - but in terms of saying, `Well, look, these are our strategies for London, these are the things that we think are going to make London and the wider economy sustainable'?. What attention do you pay to GLA strategies for example?