Stewardship is an important part of our strategy.
Stewardship is the ‘responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.’ This means we encourage the companies we invest in to focus on sustainability topics like climate change, biodiversity, deforestation, water use, living wages and gender diversity.
Our investment manager, Cardano, has a stewardship team and detailed voting and stewardship policies that support our priority themes. Cardano partners with Sustainalytics, a company that rates the sustainability of listed companies based on their ESG performance, to improve and extend stewardship across all our investments, engaging a number of companies on our priority themes.
We take part in public policy consultations where we believe policy and regulation can advance our sustainability objectives. We’re a member of the The Asset Owner Council, and Pensions for Purpose where we work with other UK pension funds on a range of topics including sustainability.
Read the Stewardship policy.