Unilever UK Pension Fund: recommendations
RI policy, implementation and monitoring
With no SIP or policy documents available publicly, or otherwise disclosed to FairPensions, it is unclear whether the fund has any detailed RI policy, and if so, whether comprehensive attention is paid to policy implementation and performance monitoring. If this is not the case then we would recommend that steps are taken which include:
- Establishing a detailed RI policy
- 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 ESG 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 the scheme's website, including:
- 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
- Detailed section on responsible investment in the scheme's annual report.
Download Unilever UK Pension Fund'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.
