By IPE Staff2021-04-16T15:27:00+01:00 The Wales Pension Partnership (WPP) – the pool for Welsh Local Government Pension Scheme (LGPS) funds – has set up a new decarbonisation initiative across its £2.5bn (€2.88bn) global equity assets managed by Russell Investments. The pool is targeting a reduction in both the carbon footprint and fossil fuel reserves exposure of its global equity investments by 25%, relative to its MSCI All Country World Index benchmark, it announced. To meet its decarbonisation targets, WPP will use the Russell Investments’ Enhanced Portfolio Implementation (EPI) infrastructure tool through Link Fund Solutions, the pool said. EPI leverages a centralised trading and portfolio management process with Russell Investments responsible for executing the investment strategies of WPP’s underlying fund managers, it added.