💰 Big Changes Ahead for Monmouthshire’s Pension Strategy! 🌍
In a bold move, Monmouthshire County Council is setting the stage for change as they mull over their pension fund investments connected to Israel’s military actions in Gaza. Following a UN inquiry citing genocide allegations against Israel, the council is reconsidering its financial ties to companies involved in the conflict. 🏢💼
During a recent meeting, council members agreed that it was time to scrutinise their multi-million-pound pension fund. They aim to cut ties with firms supplying arms, military tech, or support that breaches international laws in Gaza. The Greater Gwent Pension Fund, looking after millions for local public service workers, will also be asked to reassess its investments. 📉🌍
With £3.8m invested in seven Israeli firms, and an estimated £233m tied up in businesses operating in disputed territories, councillors are taking a stand on ethical investing. Green Party’s Ian Chandler, instrumental in this initiative, emphasised the responsibility over public funds rather than foreign policy debates. 🌿
The passionate debate showcased varied opinions. Some councillors expressed concerns over transparency, pointing out past investment losses linked to conflicts, while others urged the focus to remain on local issues like schools and infrastructure. 🏫🚧
Despite differing views, a united step forward was agreed upon, mandating a review and progress report. As Monmouthshire braces for an investment shake-up at year’s end with other Welsh funds, stay tuned for updates on how this pivotal decision unfolds. 📊💬
What are your thoughts on councils prioritising ethical investments? Share your views below! 👇 #Monmouthshire #PensionFund #EthicalInvesting