6 www.ppf.co.uk Responsible Investment Report 2019/20 7 Executive summary A ppr oa 2019/20 RI highlights c h General highlights Approach Execution Looking forward to 2020/21 E x e c u t Published first RI report Expanded in-house ESG Expanded ESG data coverage and Develop enhanced stewardship policy, ion dedicated resources commenced climate-related analysis including bespoke voting policy 1st 2020 L o o k in g Reported in line with Enhanced RI strategy Encouraged external managers to Develop further assessments and f o r recommendations from TCFD and framework enhance ESG practices & reporting scenario analysis of climate-related w ar risks & opportunities d TCFD Achieved PRI assessment score A+ Developed climate Over 50% of our objectives were progressed Consider ESG implications of for Strategy & Governance change policy to the next milestone during engagement with COVID-19 and the ‘new normal’ companies in our segregated equity portfolios + A 50% Participated in government-backed Integrated minimum ESG requirements Supported 24 significant shareholder Transitioning our managers towards Pensions Climate Risk Industry Group into external manager arrangements resolutions related to climate change best practice reporting standards at US AGMs during the year on ESG and climate risks 24