30.01.2025
We're delighted that the Financial Reporting Council (FRC) has confirmed that we continue to meet the standard of reporting required to remain as a signatory to the UK Stewardship Code for a fourth consecutive year.
The Code establishes high standards of stewardship for asset managers, asset owners and service providers when investing money on behalf of UK savers and pensioners, and those that support them.
Our RI Report, covers our stewardship activities during the reporting period 1 April 2023 to 31 March 2024.
“We know that our stakeholders expect us to set the highest standards of practice in responsible investment," said Barry Kenneth, our Chief Investment Officer.
"We view stewardship as one of the most effective ways we can drive companies to transform, generating real-world impact. Retaining our signatory status to the UK Stewardship Code underlines our unwavering focus on managing the Fund robustly through active stewardship.”
Our approach
We've built our responsible investment (RI) strategy and stewardship processes in line with the long-term nature of our liabilities and our investment horizon. We embed material ESG considerations right across our investments as well as expecting the same from our external fund managers, from selection through to ongoing monitoring and reporting.
Stewardship sits as one of our three key priorities within our RI strategy. Our Stewardship Policy reflects our commitment and approach to active ownership. We exercise our voting rights and engage with the companies and issuers we invest in to make sure they‘re accountable and fulfil their obligations to shareholders and other stakeholders. In addition, we monitor the stewardship activities of our fund managers.
Read more about our RI strategy.