RI Activity Reports 

The Responsible Investment team and USS's external equity fund manager - Capital International - produce regular reports outlining the funds activity in this area.

2010

**USS LIO Activity Reports in progress**

H1 2010 RI Activity Report (Capital Intl)

2009

H2 2009 RI Activity Report (Capital Intl)

H2 2009 RI Activity Report (LIO)

H1 2009 RI Activity Report (Capital Intl)

H1 2009 RI Activity Report (LIO)

2008

H2 RI Activity Report (LIO) - July to December

H1 RI Activity Report (LIO) - January to June

2007

H2 RI Activity Report (LIO) - July to December

• Appendix A - Letter to US companies regarding say on pay and majority voting standards
• Appendix B - Joint Walker Submission
• Appendix C - Joint investor letter to Tokyo Stock Exchange
• Appendix D - Final Copy - Letter to EC Commissioner
• Appendix E - Pensions Week Roundtable on SRI

H1 RI Activity Report (LIO) - January to June

• Appendix A - Letter to the Carbon Disclosure Project
• Appendix B - Letter to US Securities & Exchange Commission
• Appendix C - Other activities, public presentations and media coverage

2006

Quarter 4 - RI Activity Report (LIO)

• Appendix A - SEC Review of AFSCMA Pension Plan v. American International Group, Inc.
• Appendix B - Climate Change (IIGCC)
• Appendix C - Other Activities, public presentations & media coverage, 2nd half 2006

Quarter 3 Activity Report - In the first half of 2006, USS undertook a review of its RI strategy and activities. In place of this quarter's report, please find a summary report of the outcomes of the review, and the new RI Strategy (2007-2011) that was agreed by the Investment Committee in November 2006.

• USS Responsible Investment Strategy 2007-2011
• USS Responsible Investment Five Year Review 2006

Quarter 2 - RI Activity Report (LIO)

• Appendix A - S7-03-06 on Executive Compensation and Related Party Disclosure

Quarter 1 - RI Activity Report (LIO)

• Appendix A - Letter to DTI on Enhanced Business Reporting
• Appendix B - Letter to DTI on Enhanced Business Reporting II
• Appendix C - Safe-harbour provision: an overview of the legal and strategic dimensions
• Appendix D - Letter to the International Accounting Standards Board
• Appendix E - Letter to SEC on Disclosure of Executive Compensation
• Appendix F - CLIMATE CHANGE (IIGCC)
• Appendix G - Principles for Responsible Investment
• Appendix H - Other Activities, Public Presentations and Media Coverage

2005

Quarter 4 - RI Activity Report (LIO)

• Appendix A - Letter to DTI re Operating and Financial Review - OFR
• Appendix B - Press release for Letter to DTI re Operating and Financial Review - OFR
• Appendix C - Taking Stock: Summary of the December 2005 Evaluation of Extra-Financial Research
• Appendix D - Letter on Executive Compensation Disclosure
• Appendix E - Climate Change (IIGCC)

Quarter 3 - RI Activity Report (LIO)

• Appendix A - Recommendation: USS adopt the UN Principles of Responsible Investment
• Appendix B - News Corporation and BSkyB Developments
• Appendix C - A summary of the findings of a survey into: "Investment beliefs relating to corporate governance and corporate responsibility"
• Appendix D - International Roundtable on executive remuneration
• Appendix E - Climate Change (IIGCC)
• Appendix F - Other activities, public presentations and media coverage
• Appendix G - Beverages

Quarter 2 - RI Activity Report (LIO)

• Appendix A - USS Response to the NAPF Draft Policy on Responsible Investment
• Appendix B - Climate Change (IIGCC)
• Appendix C - Presentation to the Investor Summit
• Appendix D - Other Activities, Public Presentations and Media Coverage
• Appendix E - Just Pensions Extractive industries note

Quarter 2 - RI Activity Report (LIO)

• Appendix A - Climate Change (IIGCC)
• Appendix B - Other activities,  public presentations and media coverage
• Appendix C - Potentially material social, ethical & environmental risks

2004

Quarter 4 - RI Activity Report (LIO)

• Appendix A - Extra-financial research: Business as usual or the dawn of a new era?
• Appendix B - Climate Change (IIGCC)
• Appendix C - Getting what you pay for: Linking executive remuneration to responsible long-term corporate success
• Appendix D - Other activities, public presentations and media coverage

Quarter 3 - RI Activity Report (LIO)

• Appendix A - FAQ's in Enhanced Analytics Initiative
• Appendix B - Reincorporation of NewsCorp
• Appendix C - Voting and Engagement Policy - November 2004
• Appendix D - IFAS Revised Scope
• Appendix E - Climate Change (IIGCC)
• Appendix F - ISIS Letter on Clinical Trials
• Appendix G - Creating an Appropriate Remuneration Culture for the Pharmaceutical Sector
• Appendix H - Other Activities
• Appendix I - Just Pensions Food Sector Note
• Appendix J - Just Pensions Tobacco Sector Note
• Appendix K - USS Response to the Operating and Financial Review

Quarter 2 - RI Activity Report (LIO)

• Appendix A - The USS Engagement and Voting Policy
• Appendix B - Report to HMT
• Appendix C - Letter FASB
• Appendix D - FASB Letter Press Release
• Appendix E - Climate Change and IIGCC
• Appendix F - Other Activities, Presentations and Media Coverage

Ouarter 1 - RI Activity Report (LIO)

• Appendix A - Draft US voting policy
• Appendix B - Presentation to CMSF 2004
• Appendix C - Watson Wyatt Remapping our Investment World
• Appendix D - Achievements of IFAS
• Appendix E - Next Stages of IFAS
• Appendix F - IIGCC Conference report
• Appendix G - Flier for IIGCC-IPF seminar
• Appendix H - Climate Change
• Appendix I - Draft Responsible Property Investment Strategy
• Appendix J - Other activities Media & Conferences

2003

Quarter 4 - RI Activity Report (LIO)

• Appendix A - Review of RI Activities in 2003 and Proposed Priority Projects for 2004
• Appendix B - BSKYB - Learning Review
• Appendix C - Investing Pension Funds as if the Long Term Really Did Matter (HBW)
• Appendix D - Letter to Secure Proxy Access and Associated Press Release
• Appendix E - UK Institutional Investors and US Corporate Governance: Minding the Gap?
• Appendix F - Provision of a Voting and Research Service to Universities Superannuation Scheme to Cover US Securities
• Appendix G - Question to BSKYB and AGM
• Appendix H - Climate Change (IIGCC)
• Appendix I - Investing in a Changing Climate - a Pension Fund Perspective
• Appendix J - Power and Climate Change (IIGCC)
• Appendix K - Aviation and Climate Change (IIGCC)
• Appendix L - Properties
• Appendix M - Other Activities
• Appendix N - Public Presentations and Media Coverage

Quarter 3 - RI Activity Report (LIO)

• Appendix A - External developments - Cancun
• Appendix B - Pharma Features
• Appendix C - Competition
• Appendix D - US Corporate Governance
• Appendix E - Climate Change
• Appendix F - IIGCC conference information
• Appendix G - How to be a responsible pension fund
• Appendix H - Oil and gas
• Appendix I - Awards and nominations
• Appendix J - Property portfolio
• Appendix K - Other activities
• Appendix L - Public presentations & media

Quarter 2 - RI Activity Report (LIO)

• Appendix A - Burma
• Appendix B - Key external developments
• Appendix C - Climate Change and IIGCC
• Appendix D - ExxonMobil shareholder proposal voting decisions
• Appendix E - Other Activities
• Appendix F - Public presentations and media coverage
• Appendix G - Variances with voting policy and corporate governance engagement

Quarter 1 - RI Activity Report (LIO)

• Appendix A - Priorities for 2003 - The strategic agenda
• Appendix B - Key external developments
• Appendix C - US Corporate Governance - the next stages
• Appendix D - Learning review
• Appendix E - Climate change
• Appendix F - Oil can gas sector
• Appendix G - Pharmaceutical companies and the public health crisis in emerging markets
• Appendix H - Property portfolio
• Appendix I - The competition
• Appendix J - Ethics for USS campaign on dams
• Appendix K - Other activities
• Appendix L - Public presentations and media coverage
• Appendix M - Variances with voting policy and corporate governance engagement

2002

Quarter 4 - RI Activity Report (LIO)

• Appendix A - Best practice on executive contracts and severance
• Appendix B - The benchmark for audit committees
• Appendix C - Key external developments
• Appendix D - Corporate Governance in the USA: Developments & Dilemmas
• Appendix E - Disclosure of Proxy Voting Policies and Proxy Voting Records
• Appendix F - NAPF
• Appendix G - Investment Research: Conflicts and other issues
• Appendix H - Business response to HIV/AIDS
• Appendix I - Climate change
• Appendix J - Oil and gas sector
• Appendix K - Property portfolio
• Appendix L - Other activities
• Appendix M - Public presentations and media coverage

Quarter 3 - RI Activity Report (LIO)

• Appendix A - ErrorScript institutional shareholder committee guidelines
• Appendix B - USS policies on social environmental and ethical issues
• Appendix C - Key external developments
• Appendix D - US corporate governance practices
• Appendix E - Pharmaceuticals and response practice in emerging markets
• Appendix F - The business and investor response to the HIV/AIDS pandemic
• Appendix G - Learning review with external fund managers
• Appendix H - US corporate governance practices
• Appendix I - Climate change
• Appendix J - Oil and gas sector
• Appendix K - Property portfolio
• Appendix L - Other activities
• Appendix M - Public presentation and media coverage
• Appendix N - Variances with voting policy and corporate governance engagement

Quarter 2 - RI Activity Report (LIO)

Quarter 2 - RI Activity Record (LIO)

Quarter 1 - RI Activity Report (LIO)

Quarter 1 - RI Activity Record (LIO)