What is 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.
Our principles and framework
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Responsible investment principles
We follow a set of guiding principles to make sure we’re doing what’s right for our members, employers and the wider world.
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Responsible investment framework
Our Responsible Investment Framework shows how we incorporate ESG into our investment decisions and select and manage our funds.
Climate change
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.
Net zero emissions by 2050
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.
The path to net zero
Our Climate Action Plan outlines the commitments we’ve made to achieving a net zero emissions portfolio by 2050.
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Stewardship Report 2023
This report details our approach and commitment to responsible stewardship, and describes principle-by-principle how we meet the requirements outlined in the FRC’s UK Stewardship Code 2020.
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TCFD Report 2023
This report explains the governance and actions taken by VTL to identify, assess, and manage climate-related risks and opportunities in the 2022/2023 financial year (1 October 2022 to 30 September 2023).
Affiliations
We’ve been investing responsibly since 2004, and we’re in a position where we can make a real difference to the world. Now, we’re active members in a variety of global causes and groups that make an impact through responsible investing.
Related articles
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TPT strengthens commitment to responsible investing with Human Rights Investment Policy
TPT has strengthened its commitment to responsible investing as it publishes a new Human Rights Policy. -
TPT Retirement Solutions publishes its TCFD Report
TPT has published its Task Force on Climate-related Financial Disclosures (TCFD) report. The report provides an update on TPT’s progress toward net zero. -
The ever-evolving ESG landscape
Learn how TPT manages its investment strategies and what trustees can do to manage their own assets, responsibly. -
TPT Retirement Solutions unveils net zero plan
TPT has published its Climate Action Plan, which includes interim targets for reaching net zero by 2050, or sooner.