RPMI Railpen, on behalf of the Trustee Company, is a signatory to the UK Stewardship Code, and engages with its external Fund Managers to encourage them to adopt practices in line with the spirit of this Code as appropriate.
We set out our expectations in our Investment Management Agreements via our Statement of Investment Principles which are appended to all IMAs. The Trustee also has a set of publicly articulated Investment Beliefs covering the materiality of financial and non-financial factors, the long-term nature of our investment horizon, alignment of interest (as well as approach to risk, return, governance and costs). These are available via the following link:
We require our managers to integrate ESG into their approach. We also expect them to exclude the companies which are on our exclusion lists, which are updated on an annual basis. High-level monitoring of the managers takes place at least annually.