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We're long-term investors aiming to deliver a truly sustainable Pension Fund that's affordable, delivers financially to meet the objectives of our scheme employers and is invested responsibly.

We also think we should influence the behaviour of companies we invest in to make sure they consider environmental, social and governance issues.

In November 2025, we submitted our annual Stewardship Code to the Financial Reporting Council (FRC). This report shows how we uphold our commitment to responsible, long-term investment by actively engaging with and influencing the companies in which we invest.

The UK Stewardship Code sets high standards for asset owners, asset managers, and for service providers that support them. We’re proud to confirm that we have yet again met those standards and have remained a signatory since 2020.

Read our Submission to the UK Stewardship code

  

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