As an investor, we are an active owner committed to managing our investments effectively. We seek to maximize long-term investment returns – to enable our members to have a secure financial future – and we are committed to ethical and responsible investment.
As a Church of England institution, we invest in a way that is consistent with the ethos and ethics of the Church of England, and we are guided in this by the Ethical Investment Advisory Group.

2021 Stewardship Report
Welcome to our annual Stewardship Report. Find out more about our responsible investment activities.
2021 Stewardship Report2021 stewardship highlights
Stewardship is at the heart of our investment approach. We use our voice, votes and build partnerships with other investors to drive change on the issues that matter most to our members and the world they will retire into.
Watch our video for highlights of our stewardship activity in 2021. For full details see our stewardship report.
Who we are
The Pensions Board’s Investment team includes specialists in investment, operations and ethical and responsible investment. We are a fully integrated function, led by the Chief Investment Officer and the Chief Responsible Investment Officer. This means that to deliver on our objectives, we operate strategically through a thoughtful and collaborative approach.
Investment
We operate three main separate pension schemes. For investment purposes, our assets are pooled to enable economies of scale and access to investment opportunities.
How we investStewardship
Our in-house Investment Team oversees our investments, ensuring the funds are ethically invested and well stewarded. Our objective is to be a leading pension fund on responsible investment matters
Responsible InvestmentGovernance
Our Board of Trustees ensures good governance, best practice adherence and that our institution’s ethos is reflected at a strategic level and through the team’s priorities.
Governance