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BT Pension Scheme

PRI reporting framework 2020

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

The Responsible Investment Oversight Committee (RIOC) met quarterly during 2019 and standing items at each of these meetings included a review of the forward agenda and the risk register.  In addition, on an annual basis, the Committee undertakes a full review of the Scheme's Responsible Investment Policy and associated implementation activity and a review of the Committee's terms of reference.

Following a governance review in late 2019, the Trustee board made a decision to amalgamate the activities of the RIOC into the Investment Committee. This decision was made to reflect responsible investment being core and fully integrated into our investment process. Having a separate RI committee didnt reflect the integrated nature of our investment approach to consider ESG across all aspects of investment decision making. Going forward we feel this change will better ensure the Scheme’s RI approach optimally results in better investment outcomes and meets our fiduciary and regulatory obligations in this area.

SG 06. Main goals/objectives this year (Private)