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TPT Retirement Solutions

PRI reporting framework 2019

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

  • Investment Manager, Peter Smith, is a Member of Hedge Funds Advisory Committee
  • Investment Manager, Jennifer Anderson, spoke on a panel at the PRI Climate Forum in 2018
  • Investment Manager, Jennifer Anderson, was interviewed in a video for use on PRI's Twitter account on implementation of FSB TCFD. 

 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Investment Manager, Jennifer Anderson has a position on the Board of the IIGCC

She is Co-Lead of the Governance Workstream within the Investor Practices Programme and published a report for Trustees on "How to integrate Climate Change into Investor process" - https://www.tpt.org.uk/media-events/latest-news/news-details/2018/10/24/tpt-supports-launch-of-climate-change-guide

 

          UKSIF
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

TPT has contributed to and attended sessions at the DWP on Investor Duties on ESG UKSIF policy positions with DWP and UK Government/policy makers on integration and climate change into pension fund investment processes and fiduciary duty.

 

 

          PLSA Shareholders Advisory Group
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Member of PLSA Stewardship Advisory Group

          The Pensions Roundtable
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

The Pensions Roundtable is an informal network on UK pension schemes collaborating on issues promoting Responsible Investment


SG 09.2. Assets managed by PRI signatories

Indicate approximately what percentage (+/- 5%) of your externally managed assets under management are managed by PRI signatories.

85 %

SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Work Programme Co-Lead for the IIGCC's Investor Practices Programme.  Sharing best practice with members and broader on how asset owners can report in line with climate related disclosures/reporting with peers. Member of work programme for IIGCC Scenarios Report.
        

Frequency of contribution

Description

          Contributed to the co-authoring and publication of the Trustee 'how to' guide on integrating climate change risks and opportunities into the investment decision making process.
        

Frequency of contribution

Description

          TPT has sought to improve better reporting of material ESG work by investment managers. It has formalised this requirement by incorporating requirements in to its legal agreements.
        

Frequency of contribution

Description

          The Chair of Trustees, The CIO and our Investment Managers have spoken at conferences and events promoting our approach to Responsible Investment including PRI in Person, the PLSA Investment Conference, PRI Climate Forum and Green GB week, and IIGCC events.  In 2018, Jennifer Anderson spoke at Green GB week on the integration of Climate Change into investment, alongside the Minister for Climate Change, Claire Perry.
        

Frequency of contribution

Description

          During the selection process we have a question on the agenda about whether managers are signatory to the PRI and we actively discuss with potential managers their reasons for being/not being a member. We follow this up with in-person discussions which seek to extol the benefits of participation.
        

Frequency of contribution

Description

          TPT Responded directly to the FSB Consultation on Climate Related Disclosures
        

Frequency of contribution

Description

          Participation in the Hedge Fund Advisory Group
        

Frequency of contribution

Description

          Board Member of the IIGCC
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

The Chair of Trustees and Chair of TPT's Investment Committee have both publicly signed up to support the Prince of Wales Accounting for Sustainability's public statement for Chairs of Trustee and Chairs of Investment Committees to report in line with the FSB Guidelines on climate related exposures.

We participated in a carbon footprint workship alongside other large European asset owners to discuss the value of carbon-footprinting for multi-asset class portfolios. A report has been published to summarise the views of this group.

https://www.responsible-investor.com/home/article/carbon_footprint_piece/P0/

2018 Members Workshops
At TPT we are committed to exploring new ideas that will help us to reach out to our membership base and make members feel like we are actively listening to their views.  In 2018, TPT organised a series of member roadshows, across a range of locations in the UK including Edinburgh, Birmingham and London.  

Each forum provided an open platform for any of our members to come along and hear more about what we do, our values, how we invest and of course to ask questions including our approach to responsible investment. The sessions were hosted by the chair of TPT's Trustee Board; Karen Parry, Head of Trustee Services and Jennifer Anderson, Investment Manager. 

 

 


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

Climate Change and Reporting for asset owners

Integration of ESG into Fiduciary Duty and pension arrangements through collaborative discussions with UKSIF and the DWP


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