E.ON UK plc Group of the Electricity Supply Pension Scheme: recommendations
RI policy, implementation and monitoring
It is not clear from the information available to FairPensions how comprehensive the Scheme's RI policy might be, or whether the Scheme is paying careful attention to the implementation and monitoring of such. If this is not the case, we recommend that steps are taken which should include:
- Establishing a detailed RI policy, incorporating active voting and engagement requirements.
- Establishing clear measures to ensure fund managers' performance on ESG issues is carefully monitored and regularly assessed.
- Incorporating assessment of the capacity of fund mangers to carry out the Scheme's RI policy into its fund manger selection process, and into its investment management agreements
- Consideration of membership of the UN PRI, both for itself and as a screen re fund manager selection.
Transparency
Given the fundamental importance of transparency to responsible investment, we would recommend significantly expanding the depth of detail publicly disclosed via its website, including:
- Detailed statements of RI policy, policy implementation and performance monitoring
- Full voting records and summary voting analysis
- Detailed ESG engagement initiatives and outcomes
- Up to date annual report, incorporating a detailed section on responsible investment within it.
Download E.ON UK Pension Scheme's full scoresheet
If you are a member of this pension scheme, why not email your pension scheme to ask whether they have implemented all or any of these recommendations.
