Our Board helps hold us accountable and makes sure we meet our aims now and in the future. Our Executive Committee are responsible for the day-to-day running of the organisation.
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:
We manage environmental, social and governance (ESG) risks to protect and enhance the value of our investments. By acting as a responsible and vigilant asset owner and using our influence as a major institutional investor, we encourage best practice from the top down and bottom-up. We believe it's vital we demonstrate a robust and effective approach to RI, and we see the integration of material ESG issues as an essential part of the investment process.
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.
We’re committed to the highest possible standards of openness, integrity and accountability and encourage all colleagues to ‘blow the whistle’ on any wrongdoing without fear of reprisal or victimisation.
Every year we publish comprehensive data and analysis of the UK’s defined benefit pension landscape in The Purple Book. But what does it tell us and how do we use it?
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