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USS, the UK’s largest private pension scheme by way of assets, has published an in-depth report on its approach to Responsible Investment – evidencing its commitment to sustainability and good corporate governance.

A hearing was held at the High Court in April to establish whether four claims, brought by two members of USS, against directors of the scheme’s trustee company should proceed to trial. After considering the claim mechanism used and the substance of the claims, the High Court has found that the case should not proceed.

A group of 12 leading UK pension funds convened by the Church of England Pensions Board, representing £400bn assets under management and working on behalf of over 18 million members, will jointly consider how to support the climate transition in emerging markets.

Reporting season is once again upon us, and this year marks the second iteration of our Stewardship Code Report. We became a signatory to the new Stewardship Code last year, and to retain this status, we submitted a 2021/22 report to the FRC at the end of April 2022. The Code comprises a set of 12 ‘apply and explain’ Principles for asset managers and asset owners, and our report must evidence how we have applied them over the previous year.

It’s coming up to two years since the date of the 2020 valuation. What’s been happening to the funding position in that time and where do things stand today?

We recently responded to DWP’s Climate Investment and Reporting Consultation which sought views on additional requirements and metrics for climate reporting.