ESG Strategy


bcIMC Responsible Investing Annual Report

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15 ESG STRATEGY BCI's ESG Governance ESG activities at BCI are built on oversight, evaluation, and integration happening at multiple levels of the corporation. The accountabilities of clients, as well as BCI board, management, and staff are: STAKEHOLDER ACCOUNTABILITY CLIENTS • Responsible for making long-term strategic decisions such as the strategic asset allocation of their respective funds as governing fiduciaries. • Keep informed of the implications of ESG issues on their assets and investment returns over the long term. • Ensure BCI's management of ESG risks across the portfolio through monitoring and reporting. BCI BOARD • In accordance with section 20(5) of the Public Sector Pension Plans Act, the BCI board is not involved in the investment decisions of BCI. • Receives and reviews reporting related to ESG performance objectives and stewardship activities, such as BCI's annual PRI Assessment Report, ESG Annual Report, and approach to the Task Force on Climate-Related Financial Disclosures (TCFD). • Reviews and approves the ESG Governance Policy at least every three years. CEO/CIO • Sets the tone and influences a culture of ESG awareness and recognition within BCI; approves BCI's Investment Beliefs. • Considers ESG within the context of BCI's overarching vision and business plan; The CEO/CIO approves the ESG strategy. • Ensures adequate resources for ESG commitments. BCI EXECUTIVE MANAGEMENT • Sets the tone and influences a culture of ESG within BCI. • Contributes to and recommends adoption of BCI's ESG Strategy. • Ensures the ESG Strategy is aligned with the Policy, ESG investment beliefs & principles, and is effective in achieving clients' objectives. BCI STAFF • Responsible for the implementation of each ESG strategy pillar, measuring key performance indicators (KPIs), and providing reporting, using methods most suitable to the asset class. • Implement the ESG strategy, measuring KPIs and providing reporting at the total portfolio and client levels. • Ensure BCI's ESG strategy performance is reported in an effective way to client groups, including enabling clients to provide input on material reputational issues and inform our ESG strategy priorities. APPENDIX

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