Border to Coast signs UN-supported Principles for Responsible Investment

Border to Coast Pensions Partnership (“Border to Coast”), one of the largest public sector pension pools in the UK, is pleased to announce it has become a signatory of the United Nations supported Principles for Responsible Investment (PRI). This reflects Border to Coast’s commitment to long term sustainable investment.

The PRI is an international global network of asset managers, owners and service providers working together to put responsible investment into practice. The six Principles for Responsible Investment, which are voluntary and aspirational, provide a framework for integrating environmental, social and corporate governance (ESG) considerations into investment decision-making and ownership practices.

Councillor Doug McMurdo, Chair of the Border to Coast Joint Committee and of Bedfordshire Pension Fund (LGPS) said, “The twelve Border to Coast partner funds believe that the way to achieve long term sustainable returns is through Responsible Investment (RI). The PRI is acknowledged as the world’s leading proponent of RI and we are delighted that Border to Coast has become a signatory, demonstrating its commitment to stewardship and RI.”

Border to Coast has established strong foundations in RI in the last eighteen months in voting, engagement, collaborating with other asset owners and asset managers, and ESG integration. It will use the PRI framework as it implements its RI strategy and focusses on integrating ESG across all asset classes, as well as enhancing and expanding its reporting.

Chris Hitchen, Chair at Border to Coast said: “Investing in a sustainable way over the long-term is key to our objective of making a difference to long-term investment outcomes for our local government pension fund partners. Becoming a signatory to the Principles for Responsible Investment demonstrates our commitment to investing for a future world – one that has to be planned for, risks considered and mitigated, and opportunities taken.”

Notes to Editors

PRI Principles

  • Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes.
  • Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.
  • Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.
  • Principle 4: We will promote acceptance and implementation of the Principles within the investment industry.
  • Principle 5: We will work together to enhance our effectiveness in implementing the Principles.
  • Principle 6: We will each report on our activities and progress towards implementing the Principles.

Border to Coast RI Activity – key statistics

  • Voted at 893 AGMs and meetings since July 2018 with over 12,000 resolutions voted on
  • Gained Tier 1 status for UK Stewardship Code