Section A
News feed
Court of appeal - Judicial Review update
10
Dec
2019
In November last year, BT brought proceedings in the High Court challenging the validity of a decision taken by HM Treasury.
Section C Court Case Update
08
Jul
2019
An update on the court case relating to Section C of the BT Pension Scheme.
Member Support team move to the UK
03
Jun
2019
We are pleased to announce that we will be centralising all of our BT Pension Scheme Member Support team in one location in Chesterfield.
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.