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LIC Pension Fund Limited Stewardship Policy ( based on the Common Stewardship Code of PFRDA)Introduction LIC Pension Fund Limited (the Company) is registered with Pension Fund Regulatory and Development
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Stewardship policy and disclosure refers to the guidelines and processes that organizations follow to manage and report on how they handle resources and responsibilities related to environmental, social, and governance (ESG) issues.
Organizations that engage in certain business activities that impact the environment and society are typically required to file a stewardship policy and disclosure. This often includes corporations, non-profits, and governmental entities that meet specific criteria set by regulatory bodies.
To fill out a stewardship policy and disclosure, organizations need to identify relevant ESG practices, collect data on their impact, document practices and policies, and then report this information according to the guidelines set by regulatory authorities.
The purpose of stewardship policy and disclosure is to promote transparency and accountability regarding an organization's impact on society and the environment, enabling stakeholders to make informed decisions.
Information typically required includes organizational policies on resource management, sustainability practices, performance metrics related to ESG targets, and any relevant compliance or regulatory information.
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