This provides broad guidelines within which voting decisions will be assessed and implemented on a case-by-case basis. A degree of flexibility is required when interpreting the guidelines to reflect specific market, company, and meeting circumstances.
Climate change is one of the biggest issues on the global agenda. One that has the potential to impact businesses, economies and people everywhere. We�re actively looking to manage the impact of climate change and its related risks and opportunities through our investment approach. We're committed to:
The policy should be considered alongside our Statement of Investment Principles (SIP), our Climate Change Policy and our overall RI framework and strategy�The SIP is the written statement governing our decisions about investments, and reflects the objectives and timeframes of our current and future beneficiaries and stakeholders.�
Beliefs As a long-term investor, we have�a duty to consider all financially material risk factors in our investment decisions, including climate-related. We believe climate change can materially impact businesses, markets and economies globally in a number of ways, from a societal perspective as well as environmental.
Our Board helps hold us accountable and makes sure we meet our aims now and in the future. It also performs some functions given to it by law, such as setting a levy on pension schemes.
The ruling The Court of Justice of the European Union (the CJEU) ruled in September 2018 that pension scheme members should receive at least 50 per cent of the value of their accrued old age �benefits if their employer became insolvent.
Making a difference through four sustainability goals.
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