The judges have recognised ERAFP for its strong stewardship and engagement achievements, reflecting a long-standing commitment to responsible investment. Its approach combines direct and delegated engagement with investee companies, guided by annually updated shareholder engagement and voting policies. ERAFP was a founding member of Climate Action 100+ and participates in numerous initiatives, including NZEI, PRI, French SIF, CDP campaigns, Nature Action 100, and FAIRR, demonstrating an intensive and proactive engagement strategy. By actively engaging with companies, it seeks to enhance financial sustainability, encourage long-term growth, and improve international competitiveness. This disciplined, transparent, and collaborative stewardship strategy demonstrates leadership in driving corporate change and aligning investments with public service values. The fund’s leadership in driving ESG integration and fostering constructive dialogue with investees highlights its exemplary role in stewardship within the industry.