Highlights

• Ealing Pension Fund invests £395.8 million in the Legal & General Paris Aligned World Equity Index Fund.
• 2045 net zero target guides the fund’s new decarbonisation strategy.
• The fund posts a 6.18% annual return, which outperforms its benchmark index.

The Ealing Pension Fund has moved a large portion of its investments to a Paris-aligned equity strategy to meet its 2045 net zero target.

This London-based fund, valued at £1.7 billion, aims to reduce the carbon emissions tied to its portfolio in line with international climate goals.

In August 2025, the fund moved £395.8 million from the Legal & General Low Carbon Target Index Fund into the Legal & General Paris Aligned World Equity Index Fund.

This change places the pension scheme within a framework designed to match the Paris Agreement targets for limiting global warming.

The updated Legal & General Investment Management (LGIM) Paris Aligned Fund offers pass-through voting and income distribution, giving Ealing direct influence over individual company decisions.

Over the past year, the fund recorded a 6.18% return, outperforming its benchmark, the Solactive Developed Markets Paris Aligned ESG SDG Index, by one percentage point.

The portfolio is weighted toward large US companies, with more than 20% of holdings in technology stocks such as Nvidia and Microsoft.

Ends/

Looking to strengthen sustainability in your operations? Browse the ESG Marketplace with 800+ expert providers.

Keep up with sustainable finance developments by following our news feed.

See what’s happening in the ESG world—explore our recent event coverage.

Source: Net Zero Investor