UNITED TECHNOLOGIES CORPORATION (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2024
The Trustee delegates responsibility for day-to-day decisions on the selection of investments to its investment managers. The Trustee has an expectation that the investment managers will consider ESG issues in selecting securities and other investments or on such matters in a way that is expected to improve the long-term return on the associated assets. In choosing investment managers, the Trustee and its advisers take the following factors into account in the selection, retention and realisation of investments: Selection of investments: assessment of the investment managers' ESG integration credentials and capabilities, including stewardship. Retention of investments: developing a process to monitor ESG considerations on an ongoing basis by regularly seeking information on the responsible investing policies and practices of the investment managers. Realisation of investments: requesting information from investment managers about how ESG considerations are taken into account in decisions to realise investments.
The Trustee also takes these factors into account as part of its investment process to determine a benchmark
The Trustee does not currently impose any specific restrictions on the investment managers with regard to ESG issues but will review this position from time to time. The Trustee receives information from the investment managers on their approach to selecting investments and engaging with issuers with reference to ESG issues.
climate change, the Trustee takes the view that this falls within its general approach to ESG issues. The Trustee will continue to monitor market developments in this area in conjunction with its investment adviser. The Taskforce on Climate-R reflected in legislation applying to UK pension schemes and the Scheme has prepared a report outlining its approach to TCFD. This report is available on the Trustee website which can be found at https://online.flippingbook.com/view/667561390/
Investment Management
The investment management agreements put in place by the Trustee specify how rights attaching to the Scheme's segregated investments are acted upon. This includes active voting participation and a requirement to consider environmental, social and governance (ESG) and ethical factors when making investment decisions. The Trustee has less influence over the underlying investments within pooled investment vehicles held by the Scheme but reviews the managers' policies and statements of compliance in respect of these matters.
to: Financially material considerations and non-financial matters taken into account in the selection, retention and realisation of investments.
Rights (including voting rights) attaching to the investments and undertaking engagement activities in respect of investments.
The following matters: how
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