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You are in Strategy and Governance » Objectives and strategies
In 2019 we launched our new Responsible Investment Strategy.
Responsible Investment is integrated across our fund and feeds in at all levels from officers monitoring to Board member participation in external initiatives. Numerous sources are used to inform current RI practice and issues. Officers review RI activities on a daily basis and act accordingly. Outside of this senior officers consider RI at Monthly Investment Meetings. RI is considered at each quarterly pension committee and investment sub-committee meetings. At any stage it is possible that a new objective is set in-line with the degree of sign-off needed to make the change.
The pension funds are managed and their services delivered by people who have the appropriate knowledge and expertise.
RI and ESG integration is a key part of committee training in which officers also participate.
Committee members and officers competently represent the Fund at company AGMs.
We asked questions at 9 AGMs with positive feedback from the companies and the PC members and officers who attended.
Members know more about our RI approach.
We held 2 member webinars on 'How the EAPF Invests' and had 75 attendees. We ran a series of internal communications to raise the profile of our RI approach and we surveyed our members on RI comms to see which medium works best.
Ask ESG questions at company AGMs.
We asked questions at 9 AGMs with positive feedback from the companies. When audited on our approach for the Customer Service Excellence accreditation, we were awarded a merit for our work on responsible investment.
Greater integration within pensions team.
Internal meetings are now predominately combined and with all views considered.
Act on climate change risk.
By 2020, invest 15% of the Fund in low carbon, energy efficient and other climate mitigation opportunities.
11% in 2019
Investment Strategy, designed to both robustly manage risks and take positive opportunities.
The Fund has delivered 9.7% average annual investment returns over the last 5 years (as of March 2019).
To be invested Sustainable Enhanced Value Equity Index and in sustainable opportunities directly in private markets through our Targeted Opportunities Portfolio.
We continue to be invested as stated above and continually look for further opportunities.
Decarbonise the equity portfolio, reducing our exposure to ‘future emissions’ by 90% for coal and 50% for oil and gas by 2020 compared to the
In 2019 coal was 56% less than our baseline and oil and gas 95% less.
To be able to evidence participation in RI initiatives.
The fund took part in numerous RI initiatives in 2019. Many are evidenced within this document.
Other organisations join an initiative after we promote it to them.
After discussions with us 1 fund joined TPI and a Pool joined the BSI plastic pellets initiative.
Published case study.
Through the CDP non-disclosure campaign we initiated a joint case study between ourselves, CDP, a manager and the newly disclosing company.
Documented case studies.
Our new RI Strategy contains 5 case studies and these were promoted to our members.