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This amounts to 1.2?per cent of the pension pot and is the largest investment in a company made by the organisation.

More than ?694?million, or 1.8?per cent of the fund, is invested in two of the largest oil companies worldwide, Royal Dutch Shell and BP.

Telephone giant the Vodafone Group (?306?million), pharmaceutical company GlaxoSmithKline (?259?million) and manufacturer Nestl¨¦ (?205?million) also make it into the top six investment companies.

British American Tobacco and the British-Australian mining company Rio Tinto also feature in the top eight, according to the report published in the autumn.

holly.else@tsleducation.com