34 Pension Protection Fund Responsible Investment Report 2021/22 Appendices Appendix A Appendix B Our ESG team Meeting the FRC’s • Claire Curtin, Head of ESG and Sustainability Stewardship Code • Daniel Jarman, Stewardship Manager As a 2021 signatory to the Financial Reporting Council • Iliana Lazarova, Senior ESG Analyst (currently (FRC)’s UK Stewardship Code, our report is seeking to on secondment) meet the reporting expectations set out by the Code’s 12 • Anna Paschaloglou, ESG Data Analyst principles. The table on the right aims to provide a guide on our compliance with the Code and where each principle is discussed within this report. Stewardship code principle Page reference 1 Signatories’ purpose, investment beliefs, strategy and culture enable Pages, 8, 9, 12, 14 stewardship that creates long-term value for clients and bene昀椀ciaries leading to sustainable bene昀椀ts for the economy, the environment and society 2 Signatories’ governance, resources and incentives support stewardship Pages 10, 11, 12 3 Signatories manage con昀氀icts of interest to put the best interests of Page 13, clients and bene昀椀ciaries 昀椀rst Appendices C & D 4 Signatories identify and respond to market-wide and systemic risks to Page 27 promote a well-functioning 昀椀nancial system 5 Signatories review their policies, assure their processes and assess the Pages 13, 39 e昀昀ectiveness of their activities 6 Signatories take account of client and bene昀椀ciary needs, and Page 14 communicate the activities and outcomes of their stewardship and investment to them 7 Signatories systematically integrate stewardship and investment, Pages 15, 16, 17 including material environmental, social and governance issues, and climate change to ful昀椀l their responsibilities 8 Signatories monitor and hold to account managers and/or Pages 18, 22, 23 service providers 9 Signatories engage with issuers to maintain or enhance the value Pages 18, 19, 20, of assets 21, 24, 25 10 Signatories, where necessary, participate in collaborative engagement Pages 26, 27 to in昀氀uence issuers 11 Signatories, where necessary, escalate stewardship activities to Pages 29, 30, in昀氀uence issuers 31, 32, 33 12 Signatories actively exercise their rights and responsibilities Pages 29, 30, 31, 32, 33