How do we manage our pension fund? This page links to documents detailing our investment strategy, annual reports and research.
We are the administering authority for the Environment Agency active and closed funds. The active fund is open to all of our employees whilst the closed fund provides benefits to those members of the former Water Authorities Superannuation Fund who were either pensioners or deferred members on the privatisation of the water industry in 1989. Both funds are part of the Local Government Pension Scheme (LGPS). We are one of the largest members of the LGPS and one of the biggest pension funds in the United Kingdom.
Capita maintain a website on behalf of and in partnership with the Environment Agency pension fund. It provides useful information for members of our active and closed funds as well as electronic versions of member publications.
Annual report and accounts
Please see our publications page for previous annual reports and further information.
We aim to demonstrate to our fund managers and other stakeholders that our active pension fund is managed responsibly with financially robust and environmentally credible strategies and policies for the investment and mangement of the funds assets. Below are the regular disclosures and most recent articles regarding the implementation of our responsible investment strategy. Please see our publications pages for further research, reports, case studies, voting disclosure and other information.
United Nations Principles for Responsible Investment (UNPRI)
UK Stewardship Code
- Our compliance with the UK Stewardship code (PDF, 55KB)
Environment Agency Active Fund (EAPF) is fully committed to responsible investment. We believe there is a considerable body of evidence that well governed companies produce better and more sustainable returns than poorly governed companies. A summary of our compliance with the UK Stewardship code, published in 2010, is detailed below.
- Active pension fund voting policy on environmental issues (PDF, 55KB)
The voting policy for the Environment Agency Active Pension Fund for 2011-12. It contains details of our voting guidance on environmental disclosure, environmental and social governance (ESG) links to pay and performance, as well as a wide range of environmental issues including climate change, sustainability reporting, waste, energy, non-conventional fossil fuels, etc.
- Environmental resolutions 2011/12 (PDF, 71KB)
Our voting record on global environmental resolutions during 2011/12.
- Hermes Voting Statistics Summary - Q1 2012 (PDF, 85KB)
A summary of voting activities undertaken by our fund manager, Hermes, duirng the first quarter of 2012.
- Reducing environmental risk without compromising performance (PDF, 149KB)
Since 2006 we have measured the environmental footprint of our actively managed equities. This has shown that between 2006 and 2010 our actively managed equities have, in aggregate, financially outperformed the benchmark of the MSCI World Developed Countries Index by +2.5% whilst the environmental footprint has reduced by 30%. This article provides more information about this pioneering work.
- Public service review, 2011 (PDF, 60KB)
A recent article in which Howard Pearce, Head of Environmental Finance and Pension Fund Management, explains the changing role of our pension fund.