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.

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Voting policy


We consider the right to vote to be a fundamental part of share ownership and aim to vote our global equity portfolio.

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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


In this section you can find out more about how we have put the Codes and Policies into practice by voting our shares.

AGM statements


In this section you can read our Annual General Meeting (AGM) statements for companies that we have engaged with.

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.

ISS VOTE DISCLOSURE WEBSITE

ARCHIVED JAPANESE VOTING RECORDS

ARCHIVED UK VOTING RECORDS

Publications


RPMI Railpen response to the FCA request for views on The Hill Review on Primary Markets Effectiveness


Our response to the UK Government’s Summer 2021 consultation on Restoring trust in audit and corporate governance.

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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

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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

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Public Policy: Climate reporting requirements


Our views on the UK government’s 2020 proposals around mandatory TCFD reporting by pension schemes.

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IIGCC


Investor Expectations of Companies in the Construction Materials Sector

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.RPMI Railpen & Nest


Why UK pension funds should consider cyber and data security in their investment approach

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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

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PLSA


ESG and Stewardship:

A Practical Guide to Trustee Duties

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AGM STATEMENTS


Rolls-Royce Holdings PLC – AGM Statement 2021

Ryanair Holdings plc – AGM Statement 2019

Unilever plc – AGM Statement 2019

RELX plc – AGM Statement 2019

Smith & Nephew PLC – AGM Statement 2019

Reckitt Benckiser Group plc – AGM statement 2018

Railpen votes against the Board at Sports Direct AGM

Railpen criticises Reckitt Benckiser over pay and board structure

WPP 2016 AGM Statement from UK Railways Pension Scheme

Railpen and PGGM’s open letter to the Oracle board

WPP 2013 AGM Statement from UK Railways Pension Scheme