Special Metals Wiggin Pension Plan

Climate Impact & Sustainability Data (2023, 2024)

Investing a portion of the portfolio in high-quality bonds and through the derivative-based interest rate hedging programme.
Receiving regular financial and operations updates from the Company to help assess the ability of the Company to meet its obligations.
Regular monitoring by setting appropriate risk measures and limits.
Limiting trading in over-the-counter securities and minimizing overall counterparty exposure at the Plan level.
Maintaining sufficient liquidity.
Monitoring and considering currency risk as part of the Investment Manager's role in the portfolio and the ongoing hedging programme.
Monitoring the Plan's own mortality experience, mortality trends, and the likely outlook for future experience.
Ensuring Investment Managers have robust processes and procedures, utilise qualified professional service providers (such as fund administrators and custodians), and are operated by trained individuals.
Robust manager selection and monitoring process and manager diversification.
Valuation policy for each investment that defines the pricing principles, controls, and sensitivities, together with monitoring processes for them.
Pursuing a more risk-averse investment approach that seeks to control asset volatility at the portfolio level through diversification.
Allocating Plan Assets across an array of investment strategies and asset classes and through regular investment portfolio monitoring.

Divergence in data provided by investment managers regarding voting activity.
Investment managers with shorter-term investment horizons (e.g., quantitative strategies) may have less engagement in voting.

Continual refinement of data gathering and assessment in accordance with PLSA guidelines.
Review of investment manager ESG policies to ensure consideration of ESG factors' impact on long-term investment performance.