ESG (Environmental, Social & Governance)
The Trustee has a legal duty to invest in the best financial interests of the scheme’s members and it recognises that ESG (Environmental, Social & Governance) factors, including climate change, can be financially material. The Fund’s approach to responsible investing, including how it works with its investment managers, is set out in the ESG Policy, which sits alongside the Statement of Investment Principles (SIP) and Climate Delegation Framework. The Trustee has also produced an annual Implementation Statement which demonstrates how the policies set out in the SIP have been implemented.
All of these documents can be found here:
Statement of Investment Principles DB Section May 2023
Statement of Investment Principles DC Section May 2023
ITPF ESG Policy Statement June 2023
Climate Related Risks and Opportunities (TCFD report) 2023