TPT Retirement Solutions has published its first Human Rights Policy, which aims to support international norms and the United Nations Guiding Principles, a set of guidelines designed to prevent, address and remedy human rights abuses committed in business operations.

The provider said that it developed the approach to ensure human rights issues are considered throughout the investment and stewardship process, particularly when appointing third-party investment managers, as they select the underlying securities in its investment portfolio where human rights violations may take place.

It also said that it expects investments to be managed in line with its broader responsible investment principles, which require regular reporting of how such issues are being incorporated into decision making.

TPT Retirement Solutions chief investment officer, Cliff Speed, highlighted the new Human Rights Policy as reflection of the firm's "unwavering commitment to responsible investing".

Speed also argued that the policy will help advance TPT's collaboration efforts to contribute to a "more equitable and sustainable future”.

Indeed, the new policy follows the news that TPT joined the Investor Alliance for Human Rights (IAHR), a global initiative focused on setting up international standards and corporate engagement on human rights.

Alongside this, TPT highlighted its broader environmental, social and governance progress, revealing that it has joined the 30% Club, a global campaign dedicated to promote gender and ethnic minority diversity at board and executive committee levels, and the Investors Policy Dialogue on Deforestation (IPDD), a Tropical Forest Alliance initiative engaging with public agencies and industry associations on deforestation.

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