GOVERNANCE
FINANCIAL STATEMENTS
strategic report
FEATURED STORIES
STRATEGIC REPORT 1 Our purpose 2
Investment case
3 4 6 8
Financial and operational highlights
At a glance
Chair’s statement
Chief Executive Officer’s statement
10 Market context 14 Business model 16 Strategic priorities 18 Defined Benefit case study 20 KPIs 22 Business review
32 Sustainability and the environment 34 Sustainable investment strategy 36 Sustainability strategy: TCFD disclosure framework 44 Colleagues and culture 50 Relationship with stakeholders 52 Section 172 statement 57 Non-financial information statement 60 Risk management 62 Principal risks and uncertainties 68 Board of Directors 72 Senior leadership 74 Governance in operation 83 Nomination and Governance Committee Report 86 Group Audit Committee Report 92 Group Risk and Compliance Committee Report 95 Directors’ Remuneration Report 115 Directors’ Report 119 Directors’ Responsibilities GOVERNANCE REPORT 66 Chair’s introduction to Governance FINANCIAL STATEMENTS 120 Independent Auditors’ Report 131 Consolidated statement of comprehensive income 132 Consolidated statement of changes in equity 134 Consolidated statement of financial position 135 Consolidated statement of cash flows 136 Notes to the consolidated financial statements 184 Statement of changes in equity of the Company 185 Statement of financial position of the Company 186 Statement of cash flows of the Company 187 Notes to the Company financial statements
pg. 18
CELEBRATING 10 YEARS OF HELPING DEFINED BENEFIT CUSTOMERS
190 Additional financial information 193 Information for shareholders 195 Directors and advisers 196 Glossary and abbreviations
pg. 34
INVESTING THE JUST WAY
01
Powered by FlippingBook