Welcome to Wiltshire Pension Fund's Stewardship pages. These pages aim to share our activities and outcomes in this important area, and bring it to life with some examples of the types of thing we do, and why.
What is stewardship?
"The use of influence by institutional investors to maximise overall long-term value including the value of common economic, social and environmental assets, on which returns and clients' and beneficiaries' interests depend" (as defined by the PRI (UN supported Principles for Responsible Investment)).
What is responsible investment?
Responsible investment is the strategy to incorporate ESG (environmental, social and governance) factors into investment decisions.
What is Wiltshire Pension Fund trying to do?
ESG factors, including Climate Change, are important factors for the sustainability of investment returns over the long term. We need to protect the Fund's assets, so that we have enough money to pay pension benefits as they fall due, and to help keep our employers' contribution rates as stable and affordable as possible. That's why we consider these factors - we are always trying to earn strong risk-adjusted returns, and ESG factors play an important role in helping us to do that.
We have published detailed and comprehensive Stewardship Reports on our activities in this area. These reports set out our policies, activities and outcomes against the principles of the UK Stewardship Code 2020.
Responsible Investment and Stewardship Highlights of 2022/23: