As we develop our long-term strategy, we continue to seek and make positive changes through a process of continuous improvement across our structure.
1. Establishing our taskforce
Our Board of Trustees have a standing agenda item for ESG integration at every regular meeting, and we are working closely with our investment partners and underlying fund managers.
2. Introduction of Ethical Fund option
We have introduced a high-quality Ethical Fund option for members seeking to ensure their money is invested for good via organisations that are committed to high ESG standards.
3. UN Principles for Responsible Investment Standards
All fund managers utilised within our investment fund range are signatories to the UN PRI Standards and UK Stewardship Code, which provide a framework of voluntary actions for incorporating ESG issues into investment management and practice. Our 3 most significant underlying investment partners – Legal & General, Blackrock and State Street Global Investors – have a median UN PRI “Strategy & Governance” score of “A” and have ESG and Climate Change policies.
4. ESG and Climate Change Modelling
Our Investment Partners, Mobius Life, utilise climate modelling in the investment process and conduct an annual questionnaire process with all fund managers.