Responsible investing

The Trustees incorporate environmental, social and governance factors into investment decisions taken in respect of the Scheme’s investments.

The Scheme has signed up to the UK Financial Reporting Council ‘Stewardship Code’ and is required to publish its Voting and Engagement activity with the companies in which it invests. Links to these reports are provided below. The Trustees have appointed Hermes Equity Ownership Services (EOS) to assist in fulfilling its responsibilities as a long term shareholder of Global Equities. Oversight of the MPS equity shareholdings by Hermes EOS and also, where appropriate, by the fund managers that the Scheme employs, enables it to implement a high standard of stewardship on behalf of the beneficiaries of the Scheme.

Reports of Voting & Engagement Activity

Voting and Engagement for the Scheme is undertaken by Baillie Gifford, Schroders and Legal & General on the funds which they manage on our behalf and by Hermes Equity Ownership Services on all other listed equities.