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5 Pension Protection Fund Responsible Investment Report 2021/22 Taking a holistic approach to sustainability At the PPF, we are committed to This year we launched our new three-year Strategic Plan for 2022/25. One of our strategic priorities – demonstrating best practice in to ‘make a di昀昀erence’ – includes our aspirations to develop a holistic sustainability strategy, continuing sustainability across our organisation. to build on our established approach to responsible investment, and reducing our own environmental As climate change, social inequality and impact as an organisation. To support this strategy, we have formed a Senior corporate ethics receive unprecedented Leaders Sponsorship Group for non-executive and executive committee members to provide input global attention, it’s important that we and direction as our work progresses. We are also creating internal working groups to address speci昀椀c embed environmental, social and development and implementation initiatives. We will continue pushing ourselves to further the sustainability governance considerations not only of our investments, as well as managing our own operational impact – both directly and indirectly into our investment decisions, but through our suppliers where we can. across all our operations. We’ll push ourselves to further the sustainability of our investments, as well as managing our own operational impact. Oliver Morley Chief Executive

2021/22 | Responsible Investment Report - Page 6 2021/22 | Responsible Investment Report Page 5 Page 7