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Pension Protection Fund

PRI reporting framework 2017

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

We have an independent Board which sets out our business strategy and plan, and develops and maintains the PPF’s responsible investment policies. This is usually delegated to the Board’s Investment Committee, but the Board does provide direct steer in some areas, e.g. on corporate governance priorities and on the consideration of ethical issues in our investments.

The Chief Investment Officer (CIO) is responsible for the investment strategy which includes our responsible investment strategy. The responsible investment strategy is reviewed annually, with quarterly updates to the Investment Committee as required.

The day-to-day implementation of the strategy is in the hands of our Responsible Investment Manager, and fully integrated into the investment team's activities. Oversight of our investments is delegated to our Asset and Liability Committee (an executive committee). This includes the quarterly review of the Responsible Investment performance of our external investment managers.

Environmental, social and governance risks are included in the investment team’s risk register which is reported to the Risk Management Committee.

SG 06. Main goals/objectives this year (Private)