9 Pension Protection Fund Responsible Investment Report 2021/22 OUR PURPOSE AND GOVERNANCE CONTINUED Whenever we make investment decisions and consider our investment strategy, we also apply these values. The table below shows how we translate these 昀椀ve values into performing our duty as a responsible investor. Our values Our investment approach Integrity We consider all material Doing the right thing ESG risks when we assess investment opportunities Collaboration We work collaboratively with Working as one peer organisations and partners Accountability We enact our shareholder rights Owning our and push our fund managers to actions and their deliver best practice on ESG risk outcomes management and transparency Respect We encourage our fund managers Valuing every voice and other stakeholders to deepen Diversity and Inclusion practices Excellence We’re never complacent – Being our best we strive to grow our RI practices and set new standards