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Responsible investment
reports

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2020/21 Investing for a better future

This report explains the latest steps we’ve taken as a long-term steward of our members’ money, which includes setting a goal to decarbonise our investment portfolio and supporting a green economic recovery from Covid-19.

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2019 Paving the way

This report looks at how we’ve incorporated environmental, social and governance issues in our new asset classes like private infrastructure debt mandate and the rationale behind why we’ve decided to remove tobacco from our investments.

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2018 Building new norms

This report highlights our new research which suggests pension schemes’ environmental and social credentials could be crucial to building trust and confidence among savers.

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2017 Delivering change

This report focuses on the progress we’ve made across a range of areas in our investment approach, for example the development of a new climate aware fund to manage carbon risks in our portfolio.

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2016 Working for change

Our first report provides detail on why and how we invest responsibly. It touches on our engagement with companies, markets and our fund managers, and our work on issues like climate change and banking culture.