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Recent rules introduced by the Department of Work and Pensions (DWP) require pension schemes to clarify and explain their policy on environmental, social and corporate governance (ESG) factors, including climate change, and stewardship.
The Trustee has, therefore, updated their Statement of Investment Principles and this is available in the Members’ section of the Workers Pension Trust website.
The Trustee is in the process of reviewing the investment strategy and is considering how to further incorporate ESG principles.
The Trustee aims to complete the review within three to six months. Once complete, the Trustee will communicate the outcome to members and will update the Statement of Investment Principles.