Investments: Climate change


In November 2021 the Fund approved its first standalone climate change policy.

The Policy will be reviewed annually.

View the latest version: climate change policy

The policy sets out how the Fund is responding to the challenges posed by climate change and how this links to the Investment Strategy Statement and Responsible Investment Policy.

The policy also covers the Fund's views in terms of risk management and climate risks and the approach to issues such as carbon offsetting, engagement, and potential exclusions. 

It reflects the progress made by the Fund's investment managers in developing their approach to climate change and how this is being implemented in terms of investment decisions and company engagement.

The Policy has been aligned to the Fund's Investment Beliefs, which underpin the overall approach to investment. 

The full range of Investment Beliefs are included in the Investment Strategy Statement.