The National Employment Savings Trust (Nest) has appointed The Co-operative Asset Management (TCAM) to help it develop and deliver an effective and dynamic responsible investment approach.

As part of the contract, TCAM will work with Manifest, a proxy voting agency, to support Nest on formulating its views on environmental, social and governance (ESG) issues and to help the workplace pension scheme understand when it should move to collective action when it comes to engaging with companies.

The appointment will also help to ensure that Nest’s ESG policy is aligned with its corporate social responsibility policy.

Nest CIO Mark Fawcett said: “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."

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