Responsible Investment

NESPF takes its role as a responsible investor very seriously. As a long term investor the Fund has a duty to engage with the companies we invest in on environmental, social and governance (ESG) issues, and to work with others to effect change on ESG issues.

To enable us to accomplish this we are members/signatories of:

  • Local Authority Pension Fund Forum 
  • Principles of Responsible Investment
  • Climate Action 100+ - The Fund is a supporter of this initiative
  • Carbon Disclosure Project - Climate change program
  • Bangladesh Accord on Fire and Building Safety
  • ISSB's Climate Standard
  • 2022 Global Investor Statement
  • 2022 Non-Disclosure Campaign (NDC)

Our Statement of Investment Principles can be viewed on our Policies & Statements page.

  • Responsible Engagement - issues the Fund has added its name to

    December 2023

    The Fund has signed a statement focused on advancing the adoption or use of the ISSB’s Climate Standard as the climate global baseline.
    COP28 marks the two-year anniversary since the International Sustainability Standards Board (ISSB) was created.


    Climate risks are increasingly having a real effect on companies and capital. Therefore, in response to calls for climate action at COP28, we support the establishment of market infrastructure to enable consistent, comparable climate-related disclosures at a global level. We are committed to advancing the adoption or use of the ISSB’s Climate Standard as the climate global baseline.

  • October 2023

    The 2023-2024 Carbon Disclosure Project (CDP) SBT Campaign is currently underway. CDP will send a letter on behalf of its Capital Markets signatories and Supply Chain members, to a pre-selected sample of over 2,100 high-impact companies, asking them to commit to and set 1.5°C-aligned Science-Based Targets.

    September 2022

    The Fund has added its name to the 2022 Global Investor Statement. This statement is signed by 602 investors representing almost USD $42 trillion in assets under management.


  • July 2022

    The annual Carbon Disclosure Project Science Based Targets campaign (SBT) offers us the opportunity to accelerate the adoption of science-based climate targets, by collaboratively engaging companies on this matter.


    To limit warming to 1.5°C, as stipulated in the Paris Agreement, global carbon emissions need to reach net-zero by 2050 at the latest. Science-based targets provide companies with a roadmap for reducing their emissions at the pace and scale that the science tells us is necessary for a 1.5°C world.

  • Local Authority Pension Fund Forum

    To enhance our governance strategy, the NESPF joined the Local Authority Pension Fund Forum (LAPFF) in April 2007. The LAPFF promotes the highest standards of corporate governance to protect the long-term value of local authority pension funds.

    Find out more
  • Voting

    NESPF seeks to encourage the companies it invests in to operate the highest standards of corporate governance and corporate social responsibility. As a major long term shareholder, the main tools open to the Fund to use its influence is by the responsible exercise of its voting power and engagement on social and environmental factors with the companies in which it invests.

    Find out more
  • Principles for Responsible Investment

    To enable the Fund to be more global in its engagements, we signed up to the United Nations Principles for Responsible Investment (PRI) in August 2010. To date, over 5,000 organisations from all over the world, representing $121tr of assets under management, have signed up to the Principles.

    Find out more

Climate Disclosures

New climate related disclosures are being implemented that will allow the Fund and investors to better understand climate related-risks, opportunities and overall impact on the environment. Learn more about the work being undertaken.

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