Multi Provider Framework Agreement for the Provision of Stewardship Services Primarily in Support of the Local Government Pension Scheme (LGPS)

Voting services including but not limited to: Coverage and Policy • Ability to provide global voting coverage • Formalisation of a voting policy informed by client beliefs leading to an agreed voting template. Assisting in the formulation of agreed voting templates in line with client requirements • Providing support on voting and voting related engagement issues • Benchmarking fund manager voting intentions relative to the client's voting policy • Supporting clients with stewardship-related compliance e.g. UNPRI, UK Stewardship Code etc. Execution • Delivery of voting execution and voting related engagement in line with client policies • Advising on best practice in voting policy and execution • Ability to align voting with engagement activities • Ability to allow individual funds to vote differently to Pool Reporting • Identifying evolving voting themes which may impact upon client policies and reputation • Key analysis and reporting of trends in voting behaviour and activity and post-vote reporting • Supporting clients with internal and external communication with regards to stewardship policies • Ability to meet bespoke reporting requirements

Engagement Services including but not limited to: Coverage and Policy • Assisting the client to engage with investee entities across the portfolio as defined by the client • Identifying and prioritising fund engagement activities by issue and company • Identifying key engagement risks within client portfolios • Identifying the optimal engagement strategy in line with the client's investment portfolio • Identifying opportunities for clients to collaborate to secure more cost-efficient and effective engagement outcomes • Analysing the effectiveness of active ownership policies • Ability to provide a service tailored to different geographies and the ability to engage with companies worldwide decided on by ESG criteria • Identifying industry developments which may impact upon client policies and reputation Execution • Undertaking engagement activity on behalf of clients • Supporting the integration of engagement best practice into investment processes and decision-making • Supporting the client in their engagement with policymakers and regulators with regard to active ownership • Co-ordination of Collaborative initiative and Shareholder resolutions • Ability to align engagement activities with voting • Supporting the Scheme with defining objectives of engagements at manager or issuer level, and what plans there are for escalation should these fail Reporting • Provision of regular monitoring reports and analysis of engagement activities undertaken • Analysing the effectiveness of engagement activity • Supporting clients with stewardship-related compliance e.g. UNPRI, UK Stewardship Code etc. • Supporting clients with internal and external communication with regards to engagement policies • Ability to meet bespoke reporting requirements Training • Provision of ongoing training for clients in relation to engagement

Voting and Engagement services including, but not limited to: • Ability to provide full global voting coverage • Formalisation of a voting policy informed by client beliefs leading to an agreed voting template. Assisting in the formulation of agreed voting templates in line with client requirements • Delivery of voting execution and voting related engagement in line with client policies • Providing support on voting and voting related engagement issues • Identifying evolving voting themes which may impact upon client policies and reputation • Advising on best practice in voting policy and execution • Key analysis and reporting of trends in voting behaviour and activity and post-vote reporting • Benchmarking fund manager voting intentions relative to the client's voting policy • Supporting clients with stewardship-related compliance e.g. UNPRI, UK Stewardship Code etc. • Supporting clients with internal and external communication with regards to stewardship policies • Ability to meet bespoke reporting requirements • Ability to align voting and engagement activities • Ability to allow individual funds to vote differently to Pool • Assisting the client to engage with investee entities across the portfolio as defined by the client • Identifying and prioritising fund engagement activities by issue and company • Identifying key engagement risks within client portfolios • Identifying the optimal engagement strategy in line with the client's investment portfolio • Identifying opportunities for clients to collaborate to secure more cost-efficient and effective engagement outcomes • Undertaking engagement activity on behalf of clients. • Supporting the integration of engagement best practice into investment processes and decision-making • Supporting the client in their engagement with policymakers and regulators with regard to active ownership • Provision of ongoing training for clients in relation to engagement • Provision of regular monitoring reports and analysis of engagement activities undertaken • Analysing the effectiveness of engagement activity • Identifying key stewardship risks within client portfolios • Analysing the effectiveness of active ownership policies • Co-ordination of Collaborative initiative and Shareholder resolutions • Ability to provide a service tailored to different geographies and the ability to engage with companies worldwide decided on by ESG criteria • Identifying industry developments which may impact upon client policies and reputation • Supporting the Scheme with defining objectives of engagements at manager or at issuer level, and what plans there are for escalation should these fail.

Discrete pieces of specialist, stewardship-related project work including, but not limited to: • Advice on preparing stewardship due diligence tools for specific asset classes e.g. real estate, forestry etc. • Advice on contentious issues related to Responsible Investment • Reviewing and helping develop stewardship policies and partnerships • Integrating responsible investment policies into investment decision-making • Supporting clients in their stewardship-related interactions with stakeholders • Supporting the analysis and reporting of stewardship-related data • Provision of research at sectoral, regional, asset class and/or investment level of environmental, social, governance and other stewardship matters in relation to current or prospective client investments • Advice and reporting including gap-analysis in line with relevant regulatory standards and recognised external frameworks e.g. UNPRI, TCFD, UK Stewardship code, Paris Alignment, SDG alignment • Analysing the effectiveness of active ownership policies and engagement activity • Identifying industry developments which may impact upon client policies and reputation • Supporting the Scheme with defining engagement beliefs and priorities • Supporting the integration of stewardship best practice into investment processes and decision-making (in respect of both internal and external management)