Not many people consider trawling company audits to be exciting work, but one of the UK’s largest pension schemes wants to change that perception.  

“Often in the auditor’s report, you can find nuggets of gold,” says Caroline Escott, sustainable ownership head at the Railways Pension Scheme, which manages £34bn on behalf of its 350,000 members. “You can find hints about issues that maybe are not particularly apparent in the rest of the report, and when we’re looking, it is often the first place I’ll start.”