ESG & ethical issues

Our trustee considers the integration of sustainable investing concepts, sometimes referred to as environmental, social and governance (ESG) factors, to have an influence on the long-term investment outcomes of the fund.


We therefore consider these factors when determining the fund’s investment strategy.

As the trustee outsources the implementation of its investment strategy to external investment managers, it is expected that each
investment manager will have regard for ESG factors, if they believe they will have a meaningful impact on investment performance.

Each investment manager may have its own policy on the extent to which labour standards or environmental, social and ethical issues
are taken into account when making investment decisions. The policies of each individual manager are considered when selecting
and monitoring of managers.