As Trustee, our duty is to make sure the Scheme has enough money to pay members’ pensions when they are due. We’ve invested some of the money we have set aside for your pensions in sustainable investments for more than a decade. They provide opportunities to secure pensions over the long-term,
whilst making a positive contribution to the world we live in.
Sustainable investments play an important part towards action against climate change and our net zero journey. But we also need to monitor the risks that climate change may present to the Scheme and its investments to ensure we manage them effectively.
Our 2025 Climate Change Report highlights our latest progress. This includes reaching the first milestone of our journey to improve data quality. Accurate data is essential to understanding climate risks and our net zero progress. We believe the steps we’ve taken have helped us deliver this goal.
Talking about pensions and climate change involves lots of technical words, so we’ve produced the Climate Change 2025 Member Summary to give you some of the key points.
Addressing transport emissions has become a major concern for society, with passenger cars accounting for 61% of transport-related emissions in Europe. One of our property fund managers recently demonstrated their commitment to sustainability by partnering with an electric vehicle provider to install charging points across 100 sites, which includes some of the property assets the Scheme is invested in.