Nest has awarded a responsible ownership contract to The Co-operative Asset Management.
TCAM will help the Government-backed pension scheme formulate policy on environmental, social and governance issues as part of its investment strategy.
TCAM will work with proxy voting agency Manifest.
Nest chief investment officer Mark Fawcett (pictured) says: “Nest continues to deliver on its commitment to act as a responsible owner of assets on behalf of our members and aspires to a world class responsible investment approach. 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.”