Investment risks

Environmental, social and governance issues can have a significant impact on portfolio values and member returns. We aim to integrate, monitor and manage these risks throughout the investment process to ensure we are safeguarding our members’ interests.

Common ESG risks we consider during the investment process can include:


  • Climate change 
  • Pollution and waste 
  • Resource scarcity 
  • Food security and sustainable agriculture 
  • Biodiversity 


  • Occupational health & safety and labour rights 
  • Human rights 
  • Location of operations 
  • Population growth and ageing demographics 
  • Stakeholder engagement 
  • Supply chain management


  • Corporate governance 
  • Board independence 
  • Executive remuneration 
  • Risk management 
  • Business ethics 
  • Corruption and bribery

We utilise MSCI ESG Research to inform our analysis of ESG risk factors and performance.

We consider climate change to be the greatest risk facing our investment portfolio. We are committed to:

  • managing the risks and taking advantage of the opportunities associated with climate change;
  • monitoring the carbon performance of our portfolio and striving for improvements;
  • ensuring that climate change risks are considered by our advisors and investment managers;
  • ensuring that climate change risks are analysed as part of the due diligence procedures for new investments;
  • participating in climate change related collaborative initiatives such as the Investor Group on Climate Change, the Montreal Carbon Pledge and the Portfolio Decarbonisation Coalition; and
  • Publicly disclosing climate change performance of our investments to members in line with the Task Force on Climate-related Financial Disclosures (TCFD).

Read our latest Carbon and ESG Risk Portfolio Audit.


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The information on this website is of a general nature only and does not take into account your personal objectives, situation or needs. You should consider obtaining professional financial, taxation and or legal advice tailored to your personal circumstances prior to making any financial decision.