The Trustee has ultimate responsibility for ensuring effective governance of climate-related risks and opportunities. The IC is responsible for supporting and guiding the Trustee's work on compliance with the regulatory requirements and TCFD recommendations, and this ongoing reporting is integrated into the business of the Trustee Board and the IC. The Trustee's approach to the oversight and management of climate-related risks and opportunities is consistent with its approach to considering other financially material risks and opportunities facing the Scheme. The Trustee's Statement of Investment Principles (the "SIP") details the key objectives, risks and approach to considering environmental, social and corporate governance ("ESG") factors, including climate change, and stewardship, as part of its investment decision making. The SIP is reviewed on an annual basis or more frequently as required. [...] The Trustee has reviewed in detail the roles and responsibilities of those undertaking or advising the Trustee on the Scheme's governance activities and produced a Climate Governance Policy, which outlines the roles of the Trustee, IC, in-house pensions team, and professional advisers in respect of climate-related risks and opportunities, and the governance processes around this; please see the Technical Appendix for further details of the roles and responsibilities of those parties advising or assisting the Trustee. Ongoing actions are embedded into the Trustee's business plan, and climate-related risks are included in the Trustee's risk register. TCFD items and training are tabled at IC, as well as at full Trustee Board meetings. [...] The Trustee expects all advisers and the Babcock in-house pensions team to act with integrity and diligence in fulfilling the set objectives (see Technical Appendix for details) and uses meetings... [...] The investment consultant's approach to climate change and how it is integrated into their advice and services is assessed as part of the adviser selection and monitoring process. The Trustee sets its investment consultant objectives, including ones related to ESG and climate change competency. The investment consultant is formally assessed against these objectives annually. The Trustee will adopt climate-related objectives for other relevant advisers, including the scheme actuary and covenant adviser, in the near future. [...] The IC also reviews the input from the Scheme Actuary and Covenant Advisor in the annual TCFD report, to help the Trustee to continue to understand the wider resilience of the funding strategy to climate-related risks. The Trustee is looking to set objectives for the Scheme Actuary and Covenant Advisor and will look to review these periodically. [...] The Trustee apply the appropriate amount of scrutiny, challenge and discussion to advice relating to climate related risks.