Railpen exemplifies excellence in net-zero strategy through deep integration of climate risk into its investment beliefs, long-term strategy, and fiduciary duty. Its Net Zero Plan, aligned with the Net Zero Investment Framework, embeds decarbonisation across asset classes, manager selection, and risk monitoring. With £900m (€1bn) invested in UK energy infrastructure and pioneering projects like AGR’s sustainable agriculture and the Cambridge innovation cluster, Railpen translates ambition into tangible impact. Its stewardship programme drives corporate change, evidenced by climate-focused voting and robust engagement with high carbon-emitting firms. As a policy advocate, Railpen co-chairs key working groups and contributes to global standards, amplifying investor influence. Transparent reporting, including award-winning stewardship disclosures, which reinforces accountability were further commended. Railpen’s holistic approach – spanning capital allocation, engagement, advocacy, and impact – demonstrates how institutional investors can lead the transition, not just align to it. This breadth, depth, and delivery convinced the judges that Railpen is a deserving recipient of the award in net zero strategy.