At the Pension Fund Committee meeting on 8 December 2025, the Fund’s Responsible Investment Policy 2025 was adopted. The updated policy can be found here.
The Fund considers itself a Responsible Investor, recognising that environmental, social and governance (ESG) considerations, including non-financial factors, can impact financial performance. Accordingly, it aims to ensure these considerations are integrated into investment analysis, engagement, and stewardship in a proportionate and pragmatic way, to secure sustainable investment returns in line with its primary objective to safeguard the pensions of its members and beneficiaries.
In accordance with its updated Responsible Investment Beliefs, other than companies involved in the manufacture of controversial weapons and extractive fossil fuel companies, the Fund does not specifically exclude any industrial sectors or specific companies from its investment portfolio, preferring constructive engagement over divestment, using its shareholder rights to influence corporate behaviour.
The revised policy includes new Responsible Investment Beliefs covering how the Fund responds to public concern and how it considers current and future investments in Conflict-Affected and High-Risk Areas, working with its investment pool company, LPPI, and its partner funds within the pool to achieve suitable outcomes.
Should you have any questions on the revised Responsible Investment Policy, please contact Jo Thistlewood, Head of Pension Fund, by email jo.thistlewood@rbwm.gov.uk