RPMI Railpen (Railpen) is responsible for managing and investing the Railways Pension Scheme, which includes 350,000 members from over 150 companies operating within the privatized railway industry in the United Kingdom. As at December 31st, 2017, the Scheme had over US$ 35 billion of assets under management.
Railpen integrates sustainability issues into their investment process. As such, the Pension Fund seeks to improve risk-adjusted returns while impacting the world their beneficiaries retire into by considering ESG factors in their directly managed portfolio and their external manager portfolio. Furthermore, the organization excludes companies on grounds of climate and cluster munitions from their Equities and Fixed Income portfolios. Their approach to responsible investing also includes active ownership through proxy voting and collaborative engagements with the 30% Club and the Workforce Disclosure Initiative.
Sustainable Ownership Report 2018