08 Pension Protection Fund Climate Change Report 2021/22 GOVERNANCE AND ACCOUNTABILITY CONTINUED Our governance-related activities during the year continued Function Roles & responsibilities Climate-related activity in 2021/22 ESG Team Part of the Investment Team, helping to Developed our new voting guidelines – see Appendix F 4 oversee implementation of the RI framework, monitor investments for ESG risks and Throughout the year, the ESG Team provided updates in the daily Investment Team opportunities, engage with portfolio managers, meetings on ESG issues and trends external managers and our stewardship services provider The ESG Team was expanded with the addition of an ESG Data Analyst to help streamline and improve e昀케ciencies within our ESG data management Our Head of ESG was one of a select few to participate in the UK’s CFA Institute pilot of its new Certi昀椀cate in Climate and Investing quali昀椀cation and was awarded the certi昀椀cate in March 2022 Asset Managers Follows the PPF’s RI framework and stewardship Asset Managers 5 and Stewardship policy, undertakes ESG integration and issuer Having rolled out our new quarterly ESG reporting templates for Liquids managers last year, Services Provider* engagement then reports transparently we evolved the templates this year to expand on the range of TCFD metrics requested and accordingly * EOS at Federated Hermes (EOS) To improve disclosure within Alternatives, we encouraged a number of private markets managers to join the ESG Outreach pilot project initiated by eFront Stewardship Services Provider* We further consolidated our voting processes, bringing more under the remit of our agreement with EOS, giving us better oversight of our voting decisions, especially in terms of consistency around climate-related ballots For pooled funds outside of this agreement, we have a split voting set-up that allows us to override on signi昀椀cant votes and used this during the year