Nest has awarded a responsible ownership contract to The Co-operative Asset Management.
It will help Nest formulate policy on environmental, social and governance issues as part of its investment strategy and will work with proxy voting agency Manifest.
Nest chief investment officer Mark Fawcett says: “We believe responsible investment supports long-term value, reduces risk and supports better member outcomes.
“TCAM will help Nest in developing and delivering an effective and dynamic responsible investment approach. It is an expert partner in its field with an excellent track record in exercising responsible ownership.”
Informed Choice managing director Martin Bamford says: “I think it is very sensible for Nest to adopt a socially responsible approach to its investments.”