Sustainable Ownership Publications


The Sustainable Ownership Report highlights the work we have done to integrate sustainability considerations into the investments we manage on behalf of our beneficiaries across our three focus areas: ESG integration, active ownership and longer-term risks and opportunities.

Railpen Net Zero Plan

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Climate-related Disclosure 2020

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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.

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Past Reports


Sustainable Ownership Report 2018

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Sustainable Ownership Report 2017

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