Responsible investing

Responsible investing is an approach that integrates environmental, social and governance (ESG) factors into our investing decision-making and processes.

For example, we’ll consider things like climate change and human rights when we decide how and where to invest our members’ funds.

We also engage with the wider investment community by joining groups and making affiliations with organisations that want to invest in a way that promotes positive ESG practices, whilst seeking the best outcomes for members. 

Climate change has the potential to affect many of the sectors and companies we invest in.

Our Climate Change Policy helps us to ensure that climate change risk is explicitly considered during the investment process, from understanding how exposed our portfolio is to the risks, to the way we actively engage with the wider investment community on climate change.

We are also an active member of the Institutional Investors Group on Climate Change. 

Our Climate Change Policy can be found within the Responsible Investment Framework. 

We are a member of the Paris Aligned Asset Owners Group. Alongside other major global asset owners with collective assets totalling $1.9tn, we have committed to achieving a net zero emission portfolio, helping to drive the transition to a low carbon economy by 2050.

We believe that climate change represents a risk to the long-term value of our investment portfolio and has the potential to reduce the security of our members’ retirement benefits.

By continuing to allocate capital to sustainable businesses, in line with our investment objectives, we reduce this risk while also supporting the expansion of climate solutions.