ACTIVE OWNERSHIP
We believe that companies with good corporate governance practices and engaged shareholders are more likely to achieve the superior long-term financial performance that our members need. Strong governance in the companies in which we invest ensures they will manage all of their risks and opportunities appropriately, including those related to environmental and social factors.
By actively engaging with the companies in which we invest and, where appropriate exercising our voting rights, we can have a positive influence. This helps us to enhance long-term investment returns for our beneficiaries.
UK Stewardship Code
We work hard to undertake stewardship in a way which protects and enhances the value of members’ savings. This report summarises our approach and philosophy, provides case studies of our stewardship activity and impact, and explores next steps. It has been prepared in compliance with the UK Stewardship Code 2020.
2020 Stewardship Report
Voting Policy
We consider the right to vote to be a fundamental part of share ownership and aim to vote our global equity portfolio.
RPMI Railpen Global Voting Policy 2021-2022
Publications
Our Sustainable Ownership team is always looking for opportunities to collaborate with our peers in industry initiatives. In this section you will find publications that we have authored or contributed to.
Voting Records
We publicly disclose our global voting records via an externally hosted website. Disclosure is subject to a waiting period of three months from the end of the month in which the meeting is held. Archives of our historic UK and Japanese voting are also available.
AGM STATEMENTS
Publications
BEIS Paper on audit and corporate governance reform: RPMI Railpen response
Our response to the UK Government’s Summer 2021 consultation on Restoring trust in audit and corporate governance.
DWP Paper on social risks and opportunities : RPMI Railpen response
Our response to the UK Government’s Summer 2021 Call for Evidence: Consideration of social risks and opportunities by pension schemes.
Sustainability Reporting: RPMI Railpen to IFRS Foundation Paper
Our response to the IFRS Foundation’s proposal to form a Sustainability Standards Board (SSB) to improve standardisation of sustainability data
Public Policy: Climate reporting requirements
Our views on the UK government’s 2020 proposals around mandatory TCFD reporting by pension schemes.
Engagement Policy
In this document you will be able to find details of our engagement policy.
RPMI Railpen & Nest
Why UK pension funds should consider cyber and data security in their investment approach
The UK Listings Review: RPMI Railpen Response
Our response to the UK Government’s 2020/21 Call for Evidence on possible changes to the UK listings regime in the wake of the UK’s withdrawal from the European Union