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Transport for London Pension Fund

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

The Trustees take a holistic view in aligning their Sustainable Investing Beliefs towards the Fund’s investment activities. There is a clear recognition that each of the three factors: Environmental, Social and Governance “ESG” play an important role in driving the long-term value of the Fund’s investment portfolio. The Trustees believe that as a long term provider of responsible capital, the Fund should exercise its stewardship responsibilities effectively and be an agent of positive change. This involves engagement and collaboration to help businesses and markets adopt and transition to best practices and sustainable business models.

 

The Trustees aim to integrate ESG factors and stewardship in all investment processes and decision making. The Trustees have developed an ESG Policy to assist them in applying their investment strategy and beliefs with respect to ESG issues, including climate change and stewardship.

 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

The Statement of Investment Principles (SIP) is reviewed annually and the new version dated March 2019 was approved by the Trustee Board at the end of March and will be posted at the Fund website www.tflpensionfund.co.uk in April 2019.

The reporting referred to above gives the url for the Fund accounts and the relevant information can be found on pages 18-19  of that document. The 2019 annual report and accounts is expected to be posted on the website www.tflpensionfund.co.uk in July 2019


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

There is a standing item on the agenda for Trustee meetings where any potential conflict needs to be declared. If there is a potential conflict identified, those affected may be excluded from discussion and decision making.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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