Section A
News feed
BT Pension Scheme appoints three new Trustees
30
Mar
2020
The BT Pension Scheme (BTPS or the Scheme) has announced three new appointments to its Trustee Board.
Coronavirus update for members
17
Mar
2020
As the impact of the coronavirus is felt across the UK, we want to reassure members that looking after their pension is our top priority.
Judicial Review: Court of Appeal Judgment
24
Jan
2020
The Court of Appeal has published its judgment in relation to the proceedings brought by BT against HM Treasury
BT Pension Scheme Management acquires pensions software firm Procentia
16
Dec
2019
BT Pension Scheme Management (BTPSM) has today announced that it has acquired a majority stake in Procentia, a market-leading pensions software company for an undisclosed sum.
Responsible investment
The Scheme has a long history of being a responsible investor and was a founding signatory of the Principles for Responsible Investment (PRI) in 2006. In addition to integrating financially material environmental, social and governance (ESG) factors throughout the investment process and ensuring that the Scheme is acting as a responsible and engaged owner, as part of the responsible investment strategy the Trustee considers the potential impact on the Scheme of long-term risks, such as climate change, technology disruption and changing demographics.
The Responsible Investment Policy, sets out the Trustee’s responsible investment mission statement and beliefs and explains how these are integrated into the day-to-day management of the Scheme in terms of governance, investment strategy, portfolio management and reporting. In designing this Policy the Trustee was guided by the principles of the PRI and the UK Stewardship Code.
The Trustee supports the recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD) and has reported in line with these recommendations in the latest Report and Accounts.
The Trustee was pleased that the Scheme received the highest classification as “more engaged” on climate change by the House of Commons Environmental Audit Committee which, as part of its recent Green Finance Inquiry, reviewed the climate change practices of the UK’s twenty five largest pension schemes.
The Trustee was also pleased to maintain its strong rating in the latest assessment exercise by the PRI, achieving an A+ or A rating across all categories. The assessment is based on signatory responses to the PRI Reporting Framework and is carried out annually to assess the responsible investment activities undertaken by each signatory during the year.