We are pleased to announce our commitment of £23m in the Campbell Global Forest & Climate Solutions Fund II, with Campbell Global, a J.P. Morgan Asset Management company.
This is Wiltshire Pension Fund's first investment in Natural Capital, which forms part of our Climate Opportunities Portfolio (Clops) which has an objective:
To earn superior risk-adjusted returns by investing in a diversified mix of assets which have the intention to deliver real World change by actively supporting the transition to a low carbon economy.
In implementing Clops, we have taken an innovative approach, designing a multi- asset portfolio, investing across the spectrum of liquidity and asset classes, targeting impact within different time horizons.
The Campbell Global Forest & Climate Solutions Fund II aims to achieve a carbon-negative outcome over its lifetime while generating commensurate long-term, risk-adjusted returns aligned with Clops' target of 8-10%.The fund invests in and develops high-quality, responsibly managed forestlands that promote biodiversity, sequester carbon, and contribute to global efforts to mitigate climate change. By ensuring sustainable forestry management, the fund also helps prevent forest fires, combat disease, and maintain healthy ecosystems.
With Campbell Global, the fund has been strategically designed to minimise supply chain emissions while contributing to sustainable economic growth. These working forests produce renewable products such as lumber and pulp, creating living wage jobs for rural communities and supporting the transition to a more sustainable global economy.
Properties in the fund are managed in accordance with sustainable forestry certification standards and are certified, reflecting its commitment to best-in-class environmental stewardship. This investment further strengthens Wiltshire Pension Fund's focus on sustainable growth while actively working towards keeping global temperature rises below 2°C in line with the Paris Climate Agreement.
We're delighted to be Wiltshire Pension Fund's first investment in Natural Capital. By applying our decades-long expertise in global timberland management, our aim is to foster responsibly managed forests that not only yield income and value appreciation but also serve as a climate solution. In addition to financial attributes, our efforts in the forests focus on carbon removal, water protection, and the enhancement of biodiversity and habitats.
John Gilleland, Chief Executive Officer of Campbell Global
Wiltshire Pension Fund firmly believes that strong, risk-adjusted returns go hand in hand with responsible investing. We are committed to playing our part in building a sustainable future, with our investment decisions guided by our ambition to achieve net zero by 2050.
Jennifer Devine, Head of Wiltshire Pension Fund
Investment Analyst
Share this page
