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BBC Pension Trust Limited

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

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

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

The Scheme's Statement of Investment Principles is available on our website:

The trustees recognise that with ownership comes responsibility and they are committed to exercising their influence and control to promote the long term sustainability of the Scheme’s investments. The trustees believe that well governed companies that manage their businesses in a responsible way will produce higher returns over the long term. The Scheme’s responsible investment strategy has an important role to play in safeguarding and enhancing the long term value of the Scheme’s assets.

The Scheme employs a voting and engagement overlay service, EOS at Federated Hermes, to engage with companies in which it invests and encourage them to maintain high standards of governance and to operate in a socially and environmentally responsible way. In addition to engagement at the company level, EOS works on the Scheme’s behalf to engage with public, industry and regulatory bodies in the various markets in which the Scheme invests to promote better practices. 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].


SG 01 CC. Climate risk (Private)

SG 02. Publicly available RI policy or guidance documents


02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.





02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

All of the Scheme's assets are invested through external managers. The alignment of interests between the manager and the Scheme are considered on appointment and the investment managers' policies on conflicts of interest are regularly monitored to ensure they are both appropriate and effective.



03.3. Additional information. [Optional]

As part of the Scheme's own internal governance a conflict of interest policy exists such that a Trustee with a personal or business interest in any agenda item is expected to declare a conflict of interest immediately before a Board meeting starts. Any such declaration is recorded and the other Trustees present decide whether it is appropriate for him or her to participate in discussion of/or vote on, the item(s) in question. The Trustees have agreed a Conflicts of Interest policy that allows a Trustee to stand down from a Board meeting. 

This policy is made public in the Governance booklet found on the Scheme website: 












SG 04. Identifying incidents occurring within portfolios (Private)