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 company's 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
UK Stewardship Code - Tier 1
Climate Action 100+ - The Fund is a supporter of this initiative
Carbon Disclosure Project - Climate change program

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

Responsible Engagement - issues the Fund has added its name to

October 2020

The fund has added its name to a new initiative being conducted by the Carbon Disclosure Project group. In Oct CDP will engage with 1900 high impact companies on committing and setting Science Based Targets aligned with 1.5°C temperature scenarios and approved by the Science Based Targets Initiative.

February 2020

PRI coordinated letter to the Securities and Exchange Commission in the USA on the proposed changes to shareholder proposals and proxy firms - SEC Sign On Letter
August 2019

PRI Investor Statement asking companies to redouble their efforts and demonstrate clear commitment to eliminating deforestation within their operations and supply chains - Investor Statement on Deforestation and Forest Fires

June 2019

Climate Change - Global Investor Statement to Governments in advance of G20 Summit in Osaka - Global Investor Statement to Governments on Climate Change
April 2019

Palm Oil - PRI Responsible Statement on Palm Oil - Investor Expectations on Palm Oil Statement

Feb 2019

Statement - Investors urged Bangladesh Government Not to Abandon the Accord on Fire and Building Safety - Investor Statement on Bangladesh resulted in a one year extension

Local Authority Pension Fund Forum

To enhance our governance strategy NESPF joined the LAPFF in April 2007.
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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.
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Principles for Responsible Investment

To enable NESPF to be more global in its engagement in August 2010 the Fund signed up to the United Nations Principles for Responsible Investment which is now known as PRI. Over 1600 companies from all over the world have signed up to the Principles.
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