To help manage the impact that climate change could have on the Plan’s investments, we have set an ambition for the Plan’s assets to be Net Zero by 2050.

As you may know, the Plan is made up of assets which we (the Trustee) invest to make sure we can pay members’ benefits when they’re due. We receive expert advice on investing the Plan’s assets and, now more than ever before, there is a focus on how climate change can both positively and negatively impact the Plan’s investments.

Our ambition

In line with the 2015 Paris Agreement, which aims to limit global warming to well below 2°c, our aim is to achieve Net Zero Greenhouse Gas (GHG) emissions for all our investments by 2050 alongside our ultimate goal to adequately provide for our members’ retirements. It’s good for your retirement income, and for the environment and our society – win, win!