Pension fund evidence report · the register
Standard Life (PUTM ACS) — by block
Level 1, the scheme: Seen 83.07% · adverse 41.09% · excluded 16.82% of the extracted equity lines. These are the register’s figures, unchanged; the blocks below add up to them.
LEVEL 2 · THE BLOCKS
Eight blocks, each with its own rule beside its result
Seen, adverse and excluded are our standard, the same on every block: the share of the block’s own lines, and beneath it the block’s contribution to the scheme figure. The rule column is the block’s own, with its threshold as written. A rule shown faded does not reach that block, and nothing in the block is tested against it.
Two dates. Block weights are the LPNL factsheet at 30 June 2026; holdings are the PUTM ACS annual report at 31 January 2026. Five months, two documents, and the weights are the provider’s own and move.
BlockWeightHoldings EvidenceSeenAdverse ExcludedIts own rule · result Whose doing
PUTM ACS Sustainable Index Developed Asia ex Japan Equity Fund
holdings as at 2026-01-31
7.20%
LPNL, factsheet 30 June 2026
324
105 companies
Reported holdings (PUTM ACS portfolio statement)55.2%
7.76% of the lines
6.9%
0.54 pp of the scheme
0.0%
0.00 pp of the scheme
>5%Thermal coal — 2 measured, boundary under review · 7 not disclosed
>5%Oil sands — none over
>5%Arctic drilling — none over
>1%Tobacco production — none over
>25%Tobacco distribution, retail and supply — 6 not disclosed
any involvementControversial weapons — none over
violator statusUN Global Compact — 10 with a final determination we map to it
Tracks an index
a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“PUTM ACS Sustainable Index Developed Asia ex Japan Equity Fund”)
PUTM ACS Sustainable Index Emerging Market Equity Fund
holdings as at 2026-01-31
7.40%
LPNL, factsheet 30 June 2026
1,161
154 companies
Reported holdings (PUTM ACS portfolio statement)46.4%
8.02% of the lines
1.3%
0.10 pp of the scheme
0.0%
0.00 pp of the scheme
>5%Thermal coal — 5 measured, boundary under review · 8 not disclosed
>5%Oil sands — none over
>5%Arctic drilling — none over
>1%Tobacco production — none over
>25%Tobacco distribution, retail and supply — 24 not disclosed
any involvementControversial weapons — 1 held for a decision
violator statusUN Global Compact — 12 with a final determination we map to it
Tracks an index
a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“PUTM ACS Sustainable Index Emerging Market Equity Fund”)
PUTM ACS Sustainable Index European Equity Fund
holdings as at 2026-01-31
15.20%
LPNL, factsheet 30 June 2026
376
214 companies
Reported holdings (PUTM ACS portfolio statement)77.9%
16.38% of the lines
22.2%
3.64 pp of the scheme
7.5%
1.24 pp of the scheme
>5%Thermal coal — 1 measured, boundary under review · 2 not disclosed
>5%Oil sands — none over
>5%Arctic drilling — 3 not disclosed
>1%Tobacco production — none over
>25%Tobacco distribution, retail and supply — 6 not disclosed
any involvementControversial weapons — 4 scope unconfirmed
violator statusUN Global Compact — 24 with a final determination we map to it
Tracks an index
a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“PUTM ACS Sustainable Index European Equity Fund”)
PUTM ACS Sustainable Index Japan Equity Fund
holdings as at 2026-01-31
9.40%
LPNL, factsheet 30 June 2026
448
156 companies
Reported holdings (PUTM ACS portfolio statement)74.4%
10.15% of the lines
10.8%
1.09 pp of the scheme
7.6%
0.77 pp of the scheme
>5%Thermal coal — 1 measured, boundary under review · 13 not disclosed
>5%Oil sands — none over
>5%Arctic drilling — none over
>1%Tobacco production — none over
>25%Tobacco distribution, retail and supply — 11 not disclosed
any involvementControversial weapons — none over
violator statusUN Global Compact — 9 with a final determination we map to it
Tracks an index
a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“PUTM ACS Sustainable Index Japan Equity Fund”)
PUTM ACS Sustainable Index North American Equity Fund
holdings as at 2026-01-31
46.10%
LPNL, factsheet 30 June 2026
504
454 companies
Reported holdings (PUTM ACS portfolio statement)95.9%
49.67% of the lines
65.7%
32.63 pp of the scheme
26.4%
13.14 pp of the scheme
>5%Thermal coal — 4 measured, boundary under review · 1 not disclosed
>5%Oil sands — 1 over · 1 measured, boundary under review
>5%Arctic drilling — 1 over · 1 not disclosed
>1%Tobacco production — none over
>25%Tobacco distribution, retail and supply — 9 not disclosed
any involvementControversial weapons — 3 scope unconfirmed
violator statusUN Global Compact — 171 with a final determination we map to it
Tracks an index
a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“PUTM ACS Sustainable Index North American Equity Fund”)
PUTM ACS Sustainable Index UK Equity Fund
holdings as at 2026-01-31
7.40%
LPNL, factsheet 30 June 2026
230
107 companies
Reported holdings (PUTM ACS portfolio statement)88.5%
8.02% of the lines
38.6%
3.09 pp of the scheme
20.9%
1.67 pp of the scheme
>5%Thermal coal — none over
>5%Oil sands — none over
>5%Arctic drilling — 1 not disclosed
>1%Tobacco production — none over
>25%Tobacco distribution, retail and supply — 3 not disclosed
any involvementControversial weapons — 3 scope unconfirmed
violator statusUN Global Compact — 12 with a final determination we map to it
Tracks an index
a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“PUTM ACS Sustainable Index UK Equity Fund”)
SL Global Property Securities Asset Fund5.10%
LPNL, factsheet 30 June 2026
no look-through: a property fund, with no line-level holdings schedule. Not tested, and not zerono holdings to testNot established
the documents on file do not say whether this block tracks an index, so it is not read either way; property, not listed equity
Standard Life Property Pension Fund2.20%
LPNL, factsheet 30 June 2026
no look-through: a property fund, with no line-level holdings schedule. Not tested, and not zerono holdings to testNot established
the documents on file do not say whether this block tracks an index, so it is not read either way; property, not listed equity
LEVEL 3 · INSIDE EACH BLOCK
Grouped by block. A holding in more than one block appears under each.

PUTM ACS Sustainable Index Developed Asia ex Japan Equity Fund

The named holdings that trip this block’s tests, with their evidence. Weight is the holding’s weight inside this block, as a share of the extracted lines.
HoldingWeight hereWhat it trips · evidence
BHP GROUP LTD0.451%
UN Global Compact: a final determination engages it
MSHA 2025-03-26
NTHN STAR RES LTD0.029%
UN Global Compact: a final determination engages it
MSHA 2024-04-12
RIO TINTO GROUP0.018%
UN Global Compact: a final determination engages it
MSHA 2026-08-21
APA CORP0.010%
UN Global Compact: a final determination engages it
EPA 2024-04-11
SOUTH32 LTD0.010%
UN Global Compact: a final determination engages it
MSHA 2022-02-01
NEWS CORP0.009%
UN Global Compact: a final determination engages it
EPA 2022-01-18
SECURITY NATL FINL CP -CL A0.005%
UN Global Compact: a final determination engages it
MSHA 2026-06-04
WPP PLC0.005%
UN Global Compact: a final determination engages it
SEC 2021-09-24
MANITOWOC CO0.002%
UN Global Compact: a final determination engages it
EPA 2025-04-25
DYNO NOBEL LIMITED0.001%
UN Global Compact: a final determination engages it
EPA 2022-11-30
Korea Electric Power—
Thermal coal >5%: measured, boundary under review
35.88% of revenue · Korea Electric Power Corporation Form 20-F 2024, Item 4 - electricity generated table (coal 140,805 GWh; 23.6% of 2024 gross generation incl. IPPs) and Fuel - Coal · source
Washington H. Soul Pattinson and Company—
Thermal coal >5%: measured, boundary under review
74.14% of revenue · WHSP Holdings Limited (formerly Washington H. Soul Pattinson and Company Limited) Annual Report 2025, p.16 (PDF p.18) income statement; p.33-35 (PDF p.35-37) Note 9 Interests in associates · source

PUTM ACS Sustainable Index Emerging Market Equity Fund

The named holdings that trip this block’s tests, with their evidence. Weight is the holding’s weight inside this block, as a share of the extracted lines.
HoldingWeight hereWhat it trips · evidence
3M CO0.002%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
EPA litigated determination, 2022-09-29
COLGATE-PALMOLIVE CO0.001%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
EPA litigated determination, 2022-09-29
HONEYWELL INTERNATIONAL INC0.001%
UN Global Compact: a final determination engages it
EPA 2024-09-04
on our exclusion bar (conduct)
EPA litigated determination, 2024-09-04
LINDE PLC0.000%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
EPA litigated determination, 2022-09-29
CEMEX S A B DE C V0.036%
UN Global Compact: a final determination engages it
MSHA 2023-06-29
ANGLOGOLD ASHANTI PLC0.024%
UN Global Compact: a final determination engages it
MSHA 2026-02-25
SIBANYE-STILLWATER LIMITED0.012%
UN Global Compact: a final determination engages it
MSHA 2023-09-08
EDGEWELL PERSONAL CARE CO0.011%
UN Global Compact: a final determination engages it
MSHA 2025-06-21
SIEMENS AG0.006%
UN Global Compact: a final determination engages it
EPA 2026-07-20
CUMMINS INC0.005%
UN Global Compact: a final determination engages it
EPA 2022-08-31
SASOL LTD0.003%
UN Global Compact: a final determination engages it
EPA 2024-04-04
BAYER AG0.001%
UN Global Compact: a final determination engages it
EPA 2021-09-28
Companhia Paranaese De Energia-Copel—
Thermal coal >5%: measured, boundary under review
0% of revenue · Companhia Paranaense de Energia - Copel Form 20-F 2024, Item 4 - Thermoelectric Generation Facilities (20-F p.33); Item 4 - Concessions, TPP Figueira; Item 4 Business Overview (capacity in operation) · source
Enel Americas—
Thermal coal >5%: measured, boundary under review
2.38% of revenue · ESG Supplement Enel Americas 2024, p.21 (EU2 Net energy production by technology); p.20 (net installed capacity by technology) · source
YTL—
Thermal coal >5%: measured, boundary under review
0.8% of revenue · YTL Corporation Berhad Annual Report 2025, printed p.161 (PDF p.163, Note 4 Revenue); PDF p.205 (Note 17 summarised financial information of P.T. Jawa Power); PDF p.327 (list of associates) · source
YTL Power International—
Thermal coal >5%: measured, boundary under review
2.12% of revenue · YTL Power International Berhad Annual Report 2025, printed p.33 (PDF p.35, MD&A power investments); printed p.251 (PDF p.253, Note 15 summarised financial information of PT Jawa Power); PDF p.252 (associates list); PDF p.67 (fuel consumption); PDF p.318 (segment revenue) · source
Shree Cements—
Thermal coal >5%: measured, boundary under review
5.7% of revenue · Shree Cement Limited Integrated Annual Report 2024-25, Consolidated Note 28 Revenue from operations p.388 (PDF p.214); power capacity p.78-79 (PDF p.59); fly ash p.104-105 (PDF p.72) · source
Solar Industries India—
Controversial weapons any involvement: held for a decision
Solar Industries India Limited Annual Report 2024-25 ("Power to Propel the Future"), printed pp.10-11 (PDF p.7, Chairman's message); printed pp.14-15 (PDF p.9); printed pp.34-35 (PDF p.19, product portfolio) · source

PUTM ACS Sustainable Index European Equity Fund

The named holdings that trip this block’s tests, with their evidence. Weight is the holding’s weight inside this block, as a share of the extracted lines.
HoldingWeight hereWhat it trips · evidence
ABB LTD0.276%
UN Global Compact: a final determination engages it
DOJ 2022-06-30
on our exclusion bar (conduct)
DOJ determination, 2022-06-30
UBS GROUP AG0.234%
UN Global Compact: a final determination engages it
FCA 2021-10-19
on our exclusion bar (conduct)
DGCOMP litigated determination, 2021-12-02
INTESA SANPAOLO SPA0.166%
UN Global Compact: a final determination engages it
SEC 2024-09-24
on our exclusion bar (conduct)
SEC determination, 2024-09-24
BNP PARIBAS0.162%
UN Global Compact: a final determination engages it
SEC 2023-08-08
on our exclusion bar (conduct)
SEC determination, 2023-08-08
DEUTSCHE BANK AG0.104%
UN Global Compact: a final determination engages it
SEC 2022-09-27
on our exclusion bar (conduct)
SEC determination, 2022-09-27
SOCIETE GENERALE GROUP0.094%
UN Global Compact: a final determination engages it
SEC 2023-08-08
on our exclusion bar (conduct)
SEC determination, 2023-08-08
ESSILORLUXOTTICA SOCIETE0.088%
on our exclusion bar (conduct)
ADLC litigated determination, 2022-10-06
STELLANTIS NV0.069%
on our exclusion bar (conduct)
DGCOMP determination, 2025-04-01
RENAULT SA0.025%
on our exclusion bar (conduct)
DGCOMP determination, 2025-04-01
TELECOM ITALIA SPA0.011%
on our exclusion bar (conduct)
AGCM litigated determination, 2023-06-28
DELIVERY HERO SE0.007%
on our exclusion bar (conduct)
DGCOMP determination, 2025-06-02
SAP SE0.531%
UN Global Compact: a final determination engages it
DOJ 2024-06-30
SIEMENS AG0.495%
UN Global Compact: a final determination engages it
EPA 2026-07-20
NESTLE SA/AG0.420%
UN Global Compact: a final determination engages it
MSHA 2021-10-16
BANCO SANTANDER SA0.284%
UN Global Compact: a final determination engages it
FCA 2022-12-08
LOREAL SA0.125%
UN Global Compact: a final determination engages it
EPA 2023-09-28
VINCI SA0.111%
UN Global Compact: a final determination engages it
MSHA 2021-12-29
ENGIE SA0.093%
UN Global Compact: a final determination engages it
MDB 2021-11-29
HOLCIM LTD0.081%
UN Global Compact: a final determination engages it
MSHA 2023-08-07
BASF SE0.062%
UN Global Compact: a final determination engages it
EPA 2025-05-14
HEIDELBERG MATERIALS AG0.045%
UN Global Compact: a final determination engages it
MSHA 2024-05-15
PARTNERS GROUP AG0.039%
UN Global Compact: a final determination engages it
EPA 2025-08-24
ALFA LAVAL AB PUBL0.033%
UN Global Compact: a final determination engages it
EPA 2024-03-07
BANCO DE SABADELL SA0.027%
UN Global Compact: a final determination engages it
FCA 2022-12-20
DAIMLER TRUCK HOLDING AG0.019%
UN Global Compact: a final determination engages it
EPA 2026-08-31
5 more not shown; the scheme’s holdings page lists every one.

PUTM ACS Sustainable Index Japan Equity Fund

The named holdings that trip this block’s tests, with their evidence. Weight is the holding’s weight inside this block, as a share of the extracted lines.
HoldingWeight hereWhat it trips · evidence
MITSUBISHI UFJ FINANCIAL GRP0.346%
UN Global Compact: a final determination engages it
SEC 2025-08-06
on our exclusion bar (conduct)
DGCOMP litigated determination, 2021-12-02
MIZUHO FINANCIAL GROUP INC0.184%
UN Global Compact: a final determination engages it
SEC 2023-08-08
on our exclusion bar (conduct)
SEC determination, 2023-08-08
HONDA MOTOR CO LTD0.164%
on our exclusion bar (conduct)
DGCOMP determination, 2025-04-01
NOMURA HOLDINGS INC0.050%
UN Global Compact: a final determination engages it
SEC 2022-09-27
on our exclusion bar (conduct)
SEC determination, 2022-09-27
NISSAN MOTOR CO LTD0.023%
on our exclusion bar (conduct)
DGCOMP determination, 2025-04-01
MITSUBISHI CORP0.108%
UN Global Compact: a final determination engages it
MSHA 2022-04-25
MARUBENI CORP0.084%
UN Global Compact: a final determination engages it
EPA 2026-08-12
PANASONIC HOLDINGS CORP0.064%
UN Global Compact: a final determination engages it
EPA 2022-12-07
SUMITOMO CORP0.059%
UN Global Compact: a final determination engages it
EPA 2024-04-17
USS CO LTD0.009%
UN Global Compact: a final determination engages it
MSHA 2023-10-06
PARKER-HANNIFIN CORP0.003%
UN Global Compact: a final determination engages it
EPA 2024-09-05
Osaka Gas—
Thermal coal >5%: measured, boundary under review
4.93% of revenue · Daigas Group (Osaka Gas) Fact Book 2025, p.12/45 Domestic power plants (PDF p.13); p.14/45 (PDF p.15) operating subtotal; p.10/45 (PDF p.11) generation capacity of Daigas group · source

PUTM ACS Sustainable Index North American Equity Fund

The named holdings that trip this block’s tests, with their evidence. Weight is the holding’s weight inside this block, as a share of the extracted lines.
HoldingWeight hereWhat it trips · evidence
ALPHABET INC4.572%
UN Global Compact: a final determination engages it
SEC 2024-09-25
on our exclusion bar (conduct)
DGCOMP litigated determination, 2025-09-05
APPLE INC3.888%
UN Global Compact: a final determination engages it
EPA 2026-01-28
on our exclusion bar (conduct)
DGCOMP litigated determination, 2024-03-04
JPMORGAN CHASE & CO0.601%
UN Global Compact: a final determination engages it
SEC 2021-12-17
on our exclusion bar (conduct)
SEC determination, 2021-12-17
PROCTER & GAMBLE CO0.266%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
EPA litigated determination, 2022-09-29
BANK OF AMERICA CORP0.254%
UN Global Compact: a final determination engages it
SEC 2022-09-27
on our exclusion bar (conduct)
SEC determination, 2022-09-27
WELLS FARGO & CO0.222%
UN Global Compact: a final determination engages it
SEC 2024-12-20
on our exclusion bar (conduct)
SEC determination, 2024-12-20
TEXAS INSTRUMENTS INC0.207%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
EPA litigated determination, 2022-09-29
GOLDMAN SACHS GROUP INC0.199%
UN Global Compact: a final determination engages it
SEC 2023-09-22
on our exclusion bar (conduct)
SEC determination, 2023-09-22
EATON CORP PLC0.178%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
EPA litigated determination, 2022-09-29
MORGAN STANLEY0.167%
UN Global Compact: a final determination engages it
SEC 2024-01-12
on our exclusion bar (conduct)
SEC determination, 2024-01-12
ROYAL BANK OF CANADA0.167%
UN Global Compact: a final determination engages it
SEC 2024-08-14
on our exclusion bar (conduct)
SEC determination, 2024-08-14
HONEYWELL INTERNATIONAL INC0.157%
UN Global Compact: a final determination engages it
EPA 2024-09-04
on our exclusion bar (conduct)
EPA litigated determination, 2024-09-04
GENERAL MOTORS CO0.151%
UN Global Compact: a final determination engages it
EPA 2023-09-19
on our exclusion bar (conduct)
DGCOMP determination, 2025-04-01
CITIGROUP INC0.149%
UN Global Compact: a final determination engages it
SEC 2022-09-27
on our exclusion bar (conduct)
SEC determination, 2022-09-27
INTEL CORP0.142%
UN Global Compact: a final determination engages it
EPA 2026-02-24
on our exclusion bar (conduct)
DGCOMP litigated determination, 2023-09-22
DEERE & CO0.141%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
EPA litigated determination, 2022-09-29
LINDE PLC0.139%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
EPA litigated determination, 2022-09-29
TRANE TECHNOLOGIES PLC0.118%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
EPA litigated determination, 2022-09-29
PFIZER INC0.114%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
EPA litigated determination, 2022-09-29
FORD MOTOR CO0.111%
UN Global Compact: a final determination engages it
EPA 2022-09-29
on our exclusion bar (conduct)
DGCOMP determination, 2025-04-01
CHEVRON CORP0.104%
UN Global Compact: a final determination engages it
EPA 2023-09-19
on our exclusion bar (conduct)
EPA litigated determination, 2023-09-19
MEDTRONIC PLC0.091%
UN Global Compact: a final determination engages it
SEC 2023-11-30
on our exclusion bar (conduct)
SEC litigated determination, 2023-11-30
COMCAST CORP0.075%
UN Global Compact: a final determination engages it
EPA 2023-10-03
on our exclusion bar (conduct)
AGCM litigated determination, 2023-06-28
BLACKSTONE INC0.074%
UN Global Compact: a final determination engages it
SEC 2025-01-13
on our exclusion bar (conduct)
SEC determination, 2025-01-13
BANK OF NOVA SCOTIA0.071%
UN Global Compact: a final determination engages it
SEC 2023-05-11
on our exclusion bar (conduct)
SEC determination, 2023-05-11
154 more not shown; the scheme’s holdings page lists every one.

PUTM ACS Sustainable Index UK Equity Fund

The named holdings that trip this block’s tests, with their evidence. Weight is the holding’s weight inside this block, as a share of the extracted lines.
HoldingWeight hereWhat it trips · evidence
SHELL PLC0.653%
UN Global Compact: a final determination engages it
EPA 2023-11-09
on our exclusion bar (conduct)
EPA litigated determination, 2023-11-09
HSBC HLDGS PLC0.645%
UN Global Compact: a final determination engages it
FCA 2021-12-17
on our exclusion bar (conduct)
DGCOMP litigated determination, 2021-12-02
BARCLAYS PLC0.209%
UN Global Compact: a final determination engages it
SEC 2022-09-27
on our exclusion bar (conduct)
SEC determination, 2022-09-27
NATWEST GROUP PLC0.164%
on our exclusion bar (conduct)
DGCOMP litigated determination, 2021-12-02
BP PLC0.338%
UN Global Compact: a final determination engages it
EPA 2023-08-09
NATIONAL GRID0.336%
UN Global Compact: a final determination engages it
EPA 2021-09-28
UNILEVER PLC0.320%
UN Global Compact: a final determination engages it
EPA 2023-12-05
GSK PLC0.228%
UN Global Compact: a final determination engages it
EPA 2023-12-05
RECKITT BENCKISER GROUP PLC0.105%
UN Global Compact: a final determination engages it
EPA 2021-10-13
RIO TINTO GROUP0.064%
UN Global Compact: a final determination engages it
MSHA 2026-08-21
COCA-COLA CO0.021%
UN Global Compact: a final determination engages it
EPA 2025-05-01
WPP PLC0.009%
UN Global Compact: a final determination engages it
SEC 2021-09-24
ELEMENTIS PLC0.002%
UN Global Compact: a final determination engages it
MSHA 2026-07-20
RECONCILIATION
The blocks against the register, computed on every build and refused if they disagree — a gap would mean a holding dropped or counted twice.
FigureRegister Sum of blocksDifference
seen83.07%83.07%-0.0016
adverse41.09%41.09%+0.0026
excluded16.82%16.82%-0.0035
in_file100.00%100.00%-0.0000
Evidence snapshot C:\ESGTools\scoring-v2\snapshots\2026-10-12T1501-nightly · identity resolution 2026-09-30-sl-adopt · built by fund_view/block_view.py from files already on disk; nothing is re-extracted or re-resolved.