BCI Responsible Investing Annual Report

2017 BCI Responsible Investing Annual...

bcIMC Responsible Investing Annual Report

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RESPONSIBLE INVESTING ANNUAL REPORT / 2017 1 BCI and Responsible Investing Responsible investing is a common investment belief shared by BCI and our clients. Taking environmental, social, and governance (ESG) matters into account enables investors to better understand, manage, and mitigate risks associated with long-term investments. BCI and our clients believe companies that employ robust ESG practices are better positioned to generate long-term value for investors than similar companies with less-favourable practices. Our primary mandate is to create long-term client wealth and protect the value of our clients' funds. The majority of the funds we manage belong to pension plans. As these clients have long-term obligations and seek a specified rate of return to fund these obligations, BCI is required to invest their funds to generate the expected returns. We adhere to the applicable requirements of the Pension Benefits Standards Act and other legislation, as well as the legal contracts established by our clients. BCI manages the funds on behalf of 31 clients. Assessing and managing investment risk is an integral part of how we meet our responsibility. As part of the prudent investment management of our clients' funds, we aim to actively manage the long-term investment / financial risks and opportunities that ESG matters present, both now and into the future. Our approach to responsible investing is based on three core activities: HIGHLIGHTS OF THE YEAR X Included on the Bretton Woods II Leaders List as one of the world's most responsible asset allocators X Developed KPI engagement framework to understand long-term impacts of our engagement activities and report results to clients X Connected one of our direct investments with a world-class sustainability consultant X Joined Climate Action 100+ initiative by signing statement along with over 250 global investors X Submitted 25 policy submissions to regulator and standard setting bodies Further details about our approach and activities are included in our An Overview of BCI's Approach to Responsible Investing. Integrating ESG considerations into investment analysis & decision-making Active Ownership Active Participant in capital markets

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