Voting and Engagement

We believe that we should act as a responsible owner of the assets and markets in which we invest. An important part of this is making sure that we use the rights we have as shareholders in companies to influence company behaviour though voting and engagement.

Voting

Our fund managers are responsible for voting. To make sure our views are taken into account in decisions, we ask our investment managers to adhere to our Voting and Engagement Policy.

We also reflect our expectations on responsible investment and climate change in the manager selection process. We have started to incorporate specific requirements for ESG capability into the due diligence process and in the contracts we put in place with fund managers.

Investment managers report on their proxy voting activities on a regular basis so we can monitor the decisions taken on behalf of The Pensions Trust. This information is regularly reported to the investment committee and a summary of our voting records can be downloaded here.

The Investment Team monitors contentious issues that arise at Annual General Meetings (AGMs). When we identify issues that we are significantly exposed to, we seek to talk to our managers about how they propose to vote.

 

Engagement

Our investment managers are responsible for engaging with companies on environmental, social and governance risks. We believe that the investment manager is normally best placed to engage with invested companies, given their knowledge of the company and the level of access they have to company management.

We ask our investment managers to report on their engagement activities on a periodic basis, expecting them to engage on environmental, social and/or governance matters where they are considered material and relevant to the investment case.

We also participate in collaborative engagements with other investors. As part of our efforts in this area, we are committed to joining collaborative engagements through our membership of the Principles for Responsible Investment (PRI), the Institutional Investors Group on Climate Change (IIGCC) and the Carbon Asset Risk (CAR) Initiative.

Our Voting and Engagement Policy

Our Voting Records

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