When we say your pension is powerful, we mean it.
Your pension is invested in the companies shaping the world’s future. So it’s only right it gets used to help make and influence positive change. This puts large pension companies, like us, in a strong position to make a difference on your behalf.
We can act on your behalf to influence and challenge the companies you own shares in, on issues such as CO2 emissions, modern slavery policies, gender balance on the board and even executive pay.
The action we're taking
How we collaborate with others
Explore at how we work on your behalf to influence and engage as an investor.
Our climate change commitments
We have committed to reduce the emissions from our investment portfolio by 50% by 2030 as part of the transition to net zero by 2050.*
*These commitments are based on the expectation that governments and policy-makers will deliver on commitments to achieve the 1.5°C temperature goal of the Paris Agreement.
Engaging for change
We believe our asset managers are best placed to understand the importance and impact of ESG factors across our investments in order to help improve customer outcomes.
Our role is to pick the asset managers we believe are best aligned with our investment principles. We believe deciding not only how we invest but who we choose to work with puts us in the best position to do what’s right for our customers.
Responsible selection
Before we appoint an asset manager, we’ll carry out a responsible investment assessment at the screening stage to make sure they meet the best practice standards we have in place.
Appointment
We’ll make sure all our Responsible Investment principles are known to all our asset managers, and we’ll only choose to work with the ones who are already working on putting these principles into practice.
Monitoring and reporting
We’ll ask asset managers to provide regular updates and reports on their progress. If we find they’re not reaching the standards we expect, we may decide to stop working with them.
We are signatories of the UN Principles for Responsible Investment (UN PRI).