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Environment Agency Pension Fund

PRI reporting framework 2020

You are in Strategy and Governance » Objectives and strategies

目的および戦略

SG 05. RI goals and objectives

05.1. 組織が責任投資活動に関して目的を設定して見直しを行っているかどうか、および、行っている場合にはその頻度を記載してください。

05.2. 補足情報 [任意]

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.


SG 06. Main goals/objectives this year

06.1. 報告年度に組織として設定している責任投資の主な目的を挙げてください。

責任投資プロセス

主要パフォーマンス指標(KPI)

          The pension funds are managed and their services delivered by people who have the appropriate knowledge and expertise.
        

進捗状況

RI and ESG integration is a key part of committee training in which officers also participate.

主要パフォーマンス指標(KPI)

          Committee members and officers competently represent the Fund at company AGMs.
        

進捗状況

We asked questions at 9 AGMs with positive feedback from the companies and the PC members and officers who attended.

主要パフォーマンス指標(KPI)

          Members know more about our RI approach.
        

進捗状況

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. 

主要パフォーマンス指標(KPI)

          Ask ESG questions at company AGMs.
        

進捗状況

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.

主要パフォーマンス指標(KPI)

          Greater integration within pensions team.
        

進捗状況

Internal meetings are now predominately combined and with all views considered.

          Act on climate change risk.
        

主要パフォーマンス指標(KPI)

          By 2020, invest 15% of the Fund in low carbon, energy efficient and other climate mitigation opportunities.
        

進捗状況

11% in 2019

投資に係る財務業績

主要パフォーマンス指標(KPI)

          Investment Strategy, designed to both robustly manage risks and take positive opportunities.
        

進捗状況

The Fund has delivered 9.7% average annual investment returns over the last 5 years (as of March 2019).

投資のESG特性

主要パフォーマンス指標(KPI)

          To be invested Sustainable Enhanced Value Equity Index and in sustainable opportunities directly in private markets through our Targeted Opportunities Portfolio.
        

進捗状況

We continue to be invested as stated above and continually look for further opportunities.

主要パフォーマンス指標(KPI)

          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
        

進捗状況

In 2019 coal was 56% less than our baseline and oil and gas 95% less.

その他の活動

主要パフォーマンス指標(KPI)

          To be able to evidence participation in RI initiatives.
        

進捗状況

The fund took part in numerous RI initiatives in 2019. Many are evidenced within this document.

 

 

主要パフォーマンス指標(KPI)

          Other organisations join an initiative after we promote it to them.
        

進捗状況

After discussions with us 1 fund joined TPI and a Pool joined the BSI plastic pellets initiative.

主要パフォーマンス指標(KPI)

          Published case study.
        

進捗状況

Through the CDP non-disclosure campaign we initiated a joint case study between ourselves, CDP, a manager and the newly disclosing company.

主要パフォーマンス指標(KPI)

          Documented case studies.
        

進捗状況

Our new RI Strategy contains 5 case studies and these were promoted to our members.

06.2. 補足情報 [任意]


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