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BBC Pension Trust Limited

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Indirect – Manager Selection, Appointment and Monitoring

Listed Equity and Fixed Income Strategies [SAM 01] Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

You are in Strategy and Governance » Outsourcing to fiduciary managers and investment consultants

Outsourcing to fiduciary managers and investment consultants

SG 12. Role of investment consultants/fiduciary managers

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

12.1. Indicate whether your organisation uses investment consultants.

Yes, we use investment consultants

12.2. Indicate how your organisation uses investment consultants in the selection, appointment and/or monitoring of external managers.

We use investment consultants in our selection and appointment of external managers

Asset class

Listed Equity (LE)

Fixed income - SSA

Fixed income - Corporate (financial)

Fixed income - Corporate (non-financial)

Infrastructure (INF)

Property (PR)

Other asset classes

We use investment consultants in our monitoring of external managers

Asset class

Listed Equity (LE)

Fixed income - SSA

Fixed income - Corporate (financial)

Fixed income - Corporate (non-financial)

Infrastructure (INF)

Property (PR)

Other asset classes

We do not use investment consultants for selection, appointment and monitoring of external managers.

12.3. Indicate if your organisation considers responsible investment in the selection, appointment and/or review processes for investment consultants.

Responsible investment is considered when evaluating investment consultants’ investment beliefs, strategies and policies in the selection process.

Responsible investment is considered when evaluating investment consultants’ public commitment to, and promotion of, responsible investment in the selection process.

Responsible investment is considered when reviewing investment consultants’ approach to investment manager ratings, research and recommendations in the monitoring process.

Consultants’ responsibilities in terms of responsible investment in manager selection, appointment and monitoring processes are included in our contractual agreements with the investment consultants.

We do not consider responsible investment in the selection, appointment and/or review processes for investment consultants.

12.4. Indicate whether you use investment consultants for any the following services. Describe the responsible investment components of these services.

Custodial services

Investment policy development

Describe how responsible investment is incorporated

          We require our investment consultants to consider ESG and the requirements of our Responsible Investment Policy when advising us on policy development.

Strategic asset allocation

Describe how responsible investment is incorporated

          We require our investment consultants to consider ESG and the requirements of our Responsible Investment Policy when advising us on strategic asset allocation.

Investment research

Describe how responsible investment is incorporated

          We require our investment consultants to incorporate ESG issues and the requirements of our Responsible Investment Policy in manager selection and when producing investment research and due diligence reporting.

Other, specify (1)

Other, specify (2)

Other, specify (3)

None of the above

No, we do not use investment consultants.

12.7. Additional information [Optional].

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