Environment Agency pension chief Pearce to step down after 10 years in role

Will seek new challenges in responsible investment

Howard Pearce is stepping down as Head of the Environment Agency Pension Fund after 10 years in the role.

Pearce is one of the leading advocates for responsible investment among UK institutional investors.

Just this week, for example, the £1.9bn (€2.4bn), 40,000-member fund announced it was seeking asset managers to run up to £250m in property, forestry/timberland, farmland/agricultural assets and infrastructure. The role heads up a team of 10 at the agency, which is a non-departmental body responsible to the government which aims to protect and improve the environment in the UK.

“After 10 years as Head of the Environment Agency Pension Fund I have decided to leave the EA on May 1, 2013,” he told Responsible Investor.“Before then I am committed to completing the implementation of our updated investment strategy and to make some new manager appointments.

“I will then take a short break in order to re-charge my batteries before seeking a new challenge in responsible investment and ESG.”

The agency has advertised for Pearce’s successor. The role is based in Bristol, in the west of England and carries a salary of around £65,000. It reports to the Director of Finance at the agency and the closing date for application for the role is November 18.

One of the objectives of the new head will be to “maintain our reputation as a financially and environmentally responsible investor”. Link