Environment Agency Pension Fund

Environment Agency Pension Fund

The Environment Agency Pension Fund was established in 1989. Graham Cook leads investment decisions. The underlying assets support retirement benefits for public sector workers tied to environmental and natural resource agencies. Emma Howard Boyd shaped its early sustainable investment approach during her tenure as Chair of the Environment Agency. The fund allocates to private equity, real estate, infrastructure and listed equities. Current private holdings include commitments to World Fund, Copenhagen Infrastructure II & III, Actis Energy 4 and Infracapital Greenfield Partners. Real estate positions encompass Choice Properties REIT in Canada, CapitaLand Ascendas REIT in Singapore and Charter Hall Prime Industrial in Australia. Geographic exposure spans the United Kingdom, Europe, North America and Asia-Pacific. It also holds water company corporate bonds and forestry assets through Lyme Forest Fund. The fund reports 3.79 percent of assets in private equity against a 4 percent target. It maintains relationships with service providers including Capita for administration, State Street Global Services for custody and Generation Investment Management for portfolio management. In October 2024 the fund sponsored member webinars covering investment strategy and retirement planning. It is transitioning assets from Brunel Pension Partnership to Local Pensions Partnership Investment by April 2026. The fund sits inside the statutory Local Government Pension Scheme structure, which imposes pooling requirements and governance oversight distinct from single-family offices or independent asset managers. This framework dictates asset allocation targets and requires coordination with other LGPS funds on infrastructure and natural capital mandates.