Implementation Statement 2023 - ESPS members only

In June 2019, the Government published Regulations that amongst other things require that the Trustee produce an annual implementation statement from 2021 which outlines the following:

• Explain how and the extent to which they have followed their engagement policy, which is outlined in the Statement of Investment Principles (SIP).

• Describe the voting behaviour by, or on behalf of the Trustee (including the most significant votes cast by the Trustee or on their behalf) during the Scheme year and state any use of the services of a proxy voter during that year.

This document sets out the details, as outlined below. The Engagement Policy Implementation Statement ("EPIS") has been prepared by the Trustee and covers the Scheme year 1 April 2022 to 31 March 2023.