The in-house investment team is responsible for ensuring the Scheme's Responsible Investment Policy is complied with by external managers, in addition to their other investment responsibilities.
Engagement and voting is actioned by the engagement overlay advisor, EOS at Federated Hermes. The internal team and trustees discuss engagement priorities with EOS and milestones are set and reported against. The internal team can override the EOS voting recommendation if it has sufficient reason to do so. It also acts as a communication link between EOS and the external fund managers to ensure all parties are aware of issues identified by the screening of the equity holdings.