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Ontario Pension Board (OPB)

PRI reporting framework 2017

Export Public Responses

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類、対象を示してください。


01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の責任投資アプローチをカバーする投資ポリシーの策定時に使用した基準を明示してください。

01.5. 組織の投資原則および全体の投資戦略、ならびに、ESG 要因および実体経済の影響をどのように考慮に入れているのかについて説明して下さい。

The overriding objectives of the Fund are to provide security for the promised benefits, invest within an acceptable level of risk, and allow for stable and reasonable contribution rates.  In general, OPB believes that supporting environmental, social, and governance (ESG) initiatives will improve corporate disclosure practices and will enable long term investors, such as OPB, to better evaluate investment return-risk tradeoffs and ultimately support OPB's efforts to achieve the Plan's objectives.

OPB does not engage in the practice of screening in its investment decision making process. OPB adopts a pragmatic approach to integrating ESG considerations into its investment policies and procedures for the Fund.

OPB has fiduciary responsibilities to act in the best interests of Plan beneficiaries and for the long term sustainability of the Fund and therefore it is important that factors such as ESG are incorporated in a manner that supports, and does not take precedence over, OPB’s overriding fiduciary responsibilities.

OPB is a signatory to the United Nations-backed Principles for Responsible Investment (PRI). This international network of investors is collaborating to put Responsible Investment into practice and help build a more sustainable global financial system.

01.6. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。 [任意]

SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

02.3. 組織の投資原則および全体の投資戦略が公表されているかどうかについて明示して下さい。

02.4. 補足情報。 [任意]

OPB has established a Statement of Investment Policies and Procedures (SIPP) that sets out OPB’s policies and procedures for the Plan’s portfolio of investments and loans, including how we incorporate environmental, social and governance (ESG) considerations. OPB provides a copy of the SIPP to members, former members and retired members upon request.

SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

OPB’s Statement of Investment Policies and Procedures prohibits any OPB member, officer, employee, portfolio manager or other person appointed to carry out duties and responsibilities on behalf of OPB (an “OPB Agent”) to knowingly permit his or her interest to conflict with his or her duties and powers in respect of the Ontario Public Service Pension Plan (the “Plan”).  A conflict of interest includes any direct, indirect, actual or perceived material pecuniary interest of an OPB Agent in any investment in which OPB participates or proposes to participate. Any such conflict of interest is required to be disclosed by the OPB Agent to the Secretary of OPB. To the extent any investment matter requires the approval or vote of any committee of OPB, such OPB Agent must declare his/her conflict of interest and refrain from participating in the discussion or voting on such investment matter.

In addition, both the SIPP and the applicable Canadian pension legislation prohibits, subject to specific legislative exemptions, OPB from directly or indirectly lending its money to or investing its money in, or entering into a transaction with a person or entity that is considered a “related party” to the Plan.

03.3. 補足情報。 [任意]

SG 04. Identifying incidents occurring within portfolios (Not Completed)