The in-house investment team is responsible as part of it's activities to ensure the Scheme's Responsible Investment policy is complied with in addition to their other investment responsibilities. Engagement and voting is actioned by the engagement overlay advisor, EOS.
The internal team and trustees discuss engagement priorities with EOS and come to a conclusion as to which engagements the Scheme wants to contribute to or influence. Milestones are set and reported against.
The internal team can overide the EOS voting recommendation if it has sufficient reason to do so. It also acts as a communication link between EOS and the external fund managers to ensure all parties are aware of issues indentified by the screening of the equity holdings .