UTC (UK) Pension Scheme - Implementation Statement

1. Purpose of

This Implementation Statement has been prepared by UTC Pension Trust Limited as Trustee of the United Technologies Corporation (UK) Pension Scheme (“the Scheme”) and sets out:

Implementation Statement

• How the Trustee’s policies on exercising rights (including voting rights) and engagement policies have been followed over the year.

• The voting behaviour of the Trustee, or that undertaken on its behalf, over the year to 31 December 2024.

• A discussion of prescribed matters related to assets held in respect of benefits provided on a defined contribution basis.

The Statement has been produced in accordance with the Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations 2018, the Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019 and the guidance published by the Pensions Regulator.

The Trustee has produced a Statement of Investment Principles (‘SIP') dated 22 August 2023 , as required by Section 35 of the Pensions Act 1995, and a copy is available on request. No relevant changes were made to the SIP during the year to 31 December 2024.

2. How voting and engagement

During the year to 31 December 2024, the Scheme, via the UTC Common Investment Fund, invested in:

• Pooled funds in respect of its return-seeking assets.

policies have been followed

• Segregated mandates containing corporate bonds and Liability Driven Investment (‘LDI’) holdings, intended to manage risks associated with the nature of the Scheme’s liabilities.

The Trustee delegated responsibility for carrying out voting and engagement activities to the Scheme’s investment managers, in line with the policy set out in the Scheme’s SIP.

The Trustee received information on the stewardship and engagement activities of their investment managers during the year and was satisfied that the policies followed by the managers were reasonable and in alignment with the Trustee’s own policies. No remedial action was required during the period.

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UTC (UK) Pension Scheme | Statement of Investment Principles - Implementation Statement | 5 March 2025

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