2025 Sustainability Report

The Trustees of the TfL Pension Fund have published their Annual Report on Sustainable Investing for 2025. This report provides a summary of our activities to date and how this forms part of a long term strategy.

The Trustees take a holistic view in aligning their Sustainable Investing Beliefs towards the Fund's investment activities. There is a clear recognition that each of the three factors: Environmental, Social and Governance (ESG) play an important role in driving the long-term value of the Fund's investment portfolio.

The Trustees believe that as a long-term provider of responsible capital, the Fund should be an agent of positive change, engaging with the companies to help them adopt a transition to best business practices and sustainable business models.

We hope you will gain a greater understanding of the Trustees' approach from this report and learn more about some of the Fund's investment activities.

Three versions of the report are made available this year. The main version (accessible online via the link here; not downloadable) incorporates AI features such as soundbites and animated charts. A second, downloadable version does not contain the AI enhancements but otherwise has the same contents as the main version. A third, print friendly version is also published.