“The Scheme should be managed sustainably to create long-term value, provide security to members, and contribute to better outcomes for everybody.” Mission Statement, The ESG Committee
As one of the UK’s largest pension funds we are very aware that how and where we invest matters, and this is a responsibility that we take very seriously.
Environmental, Social and Governance (ESG) factors are a key part of our investment process. This includes our overall investment strategy and asset allocation, the design of our investment mandates, and the selection and ongoing monitoring of our investment managers.
Given how important this subject matter is, the Trustee has established an Environmental, Social, and Governance (ESG) Committee to act on its behalf. The role of the ESG Committee is to explore the opportunities and risks within ESG and to make recommendations to the Trustee Board.
Our approach to ESG includes not only how we invest scheme assets but how we set policies on running the Scheme and how we engage with our suppliers.
The Scheme’s purpose is to ultimately provide security to its members. We firmly believe investing responsibly supports long term value, reduces risk, and contributes towards better outcomes for everyone.
More information
Further details on the Scheme's approach to responsible investment is available in the Statement of Investment Principles as Appendix B on page 67 of the Trustee Annual Report & Accounts.