National Grid plc UK Pension Scheme: recommendations

The National Grid Pension Scheme has a basic foundation of responsible investment policy and practice on which to build. Our recommendations would include:

RI policy, implementation and monitoring

• Expansion of voting policy beyond only UK companies
• Identifying specific ESG risks and opportunities for incorporation into fund managers' research and investment decisions.
• Improved measures to ensure fund managers' performance on ESG issues is carefully monitored and regularly assessed.
• Expansion of RI policy to incorporate non-equity asset classes
• 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, significantly increasing the public areas of its website, to include public disclosure of:

• The Statement of Investment Principles
• Detailed statements of RI policy, policy implementation and performance monitoring
• Full voting records and summary voting analysis
• Detailed ESG engagement initiatives and outcomes
• The Fund's annual reports, which should include a detailed section on responsible investment.

Download National Grid 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.