Best Practices for Climate Change Policy Advocacy

This guide outlines best practices for climate change policy advocacy specifically for commercial master trusts in the UK. It emphasizes the importance of systemic stewardship in addressing climate change as a significant risk to financial markets and individual investments. The document details the roles of various stakeholders in the investment chain, including asset owners, managers, advisers, and insurers, in promoting effective climate policy engagement. It specifies that master trusts should clearly state their climate policy views, develop a comprehensive engagement strategy, and establish a robust governance framework to oversee their climate-related activities. The guide also highlights the necessity for adequate resources and diverse methods of engagement, such as public statements and participation in discussions with policymakers. Furthermore, it underscores the importance of transparency through public disclosures of engagement activities and outcomes, ensuring alignment with the master trust's stated climate policy positions. The document aims to provide a structured approach for master trusts to effectively advocate for climate change policies.