(Please Note : The following documents are provided in PDF format. Acrobat Reader software is required in order to read them.)
The Pensions Committee recognises its role as one of promoting best practice in corporate governance which it considers to be consistent with maximising long term returns.
UK Stewardship Code
The Fund fully complies with the Financial Reporting Council's UK Stewardship Code (see below) and all its equity investment managers are current signatories of the code.
Staffordshire Pension Fund's statement of compliance with the code is set out in the document below:
Statement of Compliance (442KB)
Details of the UK Stewardship code can be found in the document below:
UK Stewardship Code (319KB)
The Pensions Committee policy on Responsible Investment is to endorse the United Nations (UN) Principles of Responsible Investing and to encourage all of it's equity managers to sign up to the UN Principles to incorporate environmental, social and governance issues into their investment process.
UNPRI Annual Report 2017 (6.6MB)
Local Authority Pension Fund Forum (LAPFF)
To underline Staffordshire Pension Fund's commitment to matters of corporate governance and socially responsible investment, in March 2013 Staffordshire Pension Fund joined LAPFF. LAPFF is a voluntary association of 70 local government pension funds with assets under management of over £200bn (at the time of writing). The forum seeks to protect its members investments by promoting the highest standards of corporate governance and corporate social responsibility from the organisations they are invested in.
You can find more information about LAPFF by clicking on the link to their website here.
Below are a selection of the Fund's equity investment manager's corporate governance and socially responsible investment reports. More information can be found on each of the individual investment manager's websites. Please click the investment manager name to visit their website.
Corporate Governance Policy and Voting Guidelines April 2018(187KB)
UK Stewardship Compliance Statement November 2017 (51KB)
Sustainable Investing 2017 (566KB)
Corporate Governance & Responsible investment principles 2018 (804KB)
Corporate Governance Report 2017 (5,529kB)
UK Stewardship Compliance Statement 2018 (186KB)
Responsible Investment Policy July 2017 (291KB)
Shareholder Activism Policy March 2017 (308KB)
UK Stewardship Code Statement September 2017 (219KB)
Responsible Investments best practices May 2018 (87KB)
UK Stewardship Code Statement August 2016 (705KB)
Governance and Stewardship Annual Review December 2017 (1,318KB)
Governance and Stewardship Principles and Policy Guidelines May 2017 (209KB)
UK Stewardship Compliance Statement
Environmental, Social and Governance Policy 2017 (165KB)
UK Stewardship Code Statement 2017 (1,027KB)
Responsible Investment Report 2018 (4,523KB)