The Fund views stewardship as an essential activity in ensuring long-term value and encourages all its investment managers to consider voting and engagement, where relevant, as an important component for all assets in the portfolio. Discussions on voting and engagement are now an ongoing agenda at quarterly PAP meetings.
The Fund continues to proactively evolve its internal approach to stewardship in line with industry best practice. Through various industry forums like LAPFF, PIRC, LCIV, etc. the Fund continues to participate in industry-wide stewardship-focused initiatives to achieve wider impact and progress on priorities as outlined in the Fund’s Responsible Investment policy.