Disclosure

The Trustee’s 2023 Climate Disclosures include the metrics that the Trustee considers are appropriate to measure in its approach to managing the impact of climate change on the Fund (with a new mandatory portfolio alignment metric). Also included in the Climate Disclosures is the Trustee’s chosen target which focuses on engaging with companies to adopt science-based targets (SBTs) for emissions reductions. This target is viewed as the most appropriate way for the Trustee to influence the transition to a low-carbon economy and effect change in the companies it invests in.