Responsible Investment

We aim to offer advisers and their clients sustainable investment choices and challenge companies we invest in to behave more sustainably and responsibly.

STRONG FRAMEWORK

We’ve set out our Responsible Investment and Stewardship Framework, supported by Stewardship and Exclusions polices. They guide our decisions on how we invest, how we select fund managers, and how we challenge the managers of companies we invest in on our customers’ behalf to improve the way they operate.

Read our Responsible Investment and Stewardship Framework (PDF, 1MB)

Challenging the companies we invest in to make positive changes in their business practices is at the heart of how we manage investments to create sustainable benefits in the long term for our customers, the economy, the environment and society. By doing this, we aim to protect and maximise our customers’ investments in the long term.​

Read our Stewardship Policy (PDF, 1MB)

We won’t invest in companies that fail to meet our strict standards and we’re selling our investments in the worst offenders in areas like coal production, controversial weapons manufacturing or tobacco manufacturing or distribution.

Our Exclusions Policy (PDF, 715KB)

Read our case for tobacco divestment (PDF, 775KB)

OUR APPROACH TO CLIMATE CHANGE IN OUR INVESTMENTS

Climate change has far-reaching implications in all areas of our lives, including our savings and investments. Moving to net zero will safeguard customers’ investments from the risks associated with climate change while taking advantage of related investment opportunities, as well as helping to power the UK’s transition to a green economy.

Read our approach to climate change (PDF, 2MB)

We’ve published our first Climate Action Plan which sets out our roadmap to halve the carbon footprint of all our investments by 2030 on our path to net zero emissions by 2050 for the benefit of our customers and the environment. 

Read our climate action plan (PDF, 3MB)

OUR APPROACH TO ENVIRONMENTAL IMPACT AND ETHICAL INVESTING

When it comes to having a direct positive impact on the planet or aligning moral values and beliefs, impact and ethical investing come into play. We explain how our approach to environmental impact and ethical investing could help customers to make a difference with their savings. 

Read more on our approach (PDF, 3MB)

INTEGRATING ESG CONSIDERATIONS INTO OUR MULTI-ASSET FUNDS

We’re embracing responsible investment practices in our aim to deliver good investment outcomes for your clients. This allows us to manage environmental, social and governance (ESG) risks and returns in a more effective way in the funds we offer. ​

Find out more in our guide (PDF, 539KB)

RESPONSIBLE INVESTMENT SUPPORT FOR YOUR CLIENTS

Are your clients looking for more information about responsible investment? Share our short expert sessions films explaining how investing sustainably could impact their pension. 

How could climate change impact my pension investments?

Can I invest my pension sustainably?

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Extensive research

We’ve carried out independent research to better understand our customers’ views on responsible investment, their priorities and needs, so we’re better able to support them.

ESG - what resonates with pension investors (PDF, 1MB)

Scottish Widows 2020 Retirement Report (PDF, 2MB)

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Innovation

To address environmental risks and opportunities in our investments we’ve worked with our appointed investment manager BlackRock to create an innovative climate transition fund. 

Find out more (PDF, 2MB)(opens in a new tab)
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REPORTING ON OUR PROGRESS

Our first annual Responsible Investment and Stewardship Report outlines the progress we made in 2020 to deliver on our plans to benefit our customers’ investments and broader society.

Read more (PDF, 55KB)(opens in a new tab)

GREAT MINDS DON'T THINK ALIKE: COGNITIVE DIVERSITY IN THE BOARDROOM

Our report outlines why we believe cognitive diversity on company boards is important to the long-term success of the businesses we invest in on behalf of customers, helping them make better decisions and drive growth.

Read the highlights (PDF, 562KB)

Read the full report (PDF, 1MB)


Responsible Investment Q&A

In this short Q&A, Head of Pension Investments Maria Nazarova-Doyle outlines our approach to responsible investment.

Our 2021 TCFD Report

Our 2021 TCFD Report (Taskforce on Climate-Related Financial Disclosures) has now been published. It’s been prepared in line with the recommendations of the TCFD, an independent group from across the G20 who developed these recommendations to improve and increase reporting of climate-related financial information.

Read now (PDF, 5MB)(opens in a new tab)
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We’re one of the first signatories to the 2020 Stewardship Code. The Code sets a high standard for those investing money on behalf of UK savers. Signatories must demonstrate how they’ve acted on their policies and made an impact. 

Occupation Pensions Stewardship Council logo

We are inaugural members of the Occupational Pensions Stewardship Council, which aims to promote and facilitate high standards of stewardship of pension assets.

Occupational PensionsOpens in a new tab

How we can help

See our retirement account investment options in more detail

Look at the range of competitive options we offer.

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See our workplace pension investment options in more detail

Look at the range of competitive options we offer.

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