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Fiera Capital Corporation

PRI reporting framework 2017

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Organisational Overview
Basic Information [OO 01 - 09] Gateway asset class implementation indicators [OO 10 - 12]
Strategy and Governance
Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Implementation not in other modules [SG 12 - 16] Innovation [SG 17]
Direct - Listed Equity Incorporation
Overview [LEI 01 - 02] ESG incorporation in actively managed listed equities [LEI 03 - 12] Implementation processes [LEI 03 - 12] (A) Implementation: Screening [LEI 06 - 08] (B) Implementation: Thematic [LEI 09] (C) Implementation: Integration of ESG issues [LEI 10 - 12] Outputs and outcomes [LEI 14 - 16] Communication [LEI 17]
Direct - Listed Equity Active Ownership
Engagement [LEA 01 - 16] Overview [LEA 01 - 02] Process [LEA 03 - 10] Process for engagements run internally [LEA 03 - 04] Process for engagements conducted via collaborations [LEA 05 - 06] General processes for all three groups of engagers [LEA 09 - 10] Outputs and outcomes [LEA 11 - 15] Communication [LEA 16] (Proxy) voting and shareholder resolutions [LEA 17 - 27] Overview [LEA 17] Process [LEA 18 - 22] Outputs and outcomes [LEA 23 - 26] Communication [LEA 27]
Direct - Fixed Income
Overview [FI 01 - 03] ESG incorporation in actively managed fixed income [FI 04 - 16] Implementation processes [FI 04 - 06] (A) Implementation: Screening [FI 07 - 10] (C) Implementation: Integration [FI 14 - 16] Fixed income - Engagement [FI 18 - 20] Outputs and outcomes [FI 21 - 22] Communication [FI 23]
Export Public Responses

You are in Strategy and Governance » Implementation not in other modules

Implementation not in other modules

SG 12. ESG issues in strategic asset allocation

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

12.1. Indicate if your organisation executes scenario analysis and/or modelling in which the risk profile of future ESG trends at portfolio level is calculated.

12.2. Indicate if your organisation considers ESG issues in strategic asset allocation and/or allocation of assets between sectors or geographic markets.

12.3. Additional information. [OPTIONAL]

ESG issues and geopolotical risk are taken into account whenever when our Foreign Equity Team is evaluating an investment in a foreign or emerging country.

SG 13. Long term investment risks and opportunity (Private)

SG 14. Allocation of assets to environmental and social themed areas (Private)

SG 15. ESG issues for internally managed assets not reported in framework

15.1. Describe how you address ESG issues for internally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Property

Fiera Properties considers ESG factors in investment decisions, including: access to transit, building certifications, environmental hazards, energy and water efficiency, natural hazards and health and safety. Fiera Properties utilizes external consultants during due diligence to provide subject expertise. It also considers ESG in ongoing asset management and development decisions.

Fiera Properties works closely with third-party property managers to address ESG risks and opportunities. Managers report on ESG indicators, including: energy, water, waste, greenhouse gas emissions, certifications, audits and tenant engagement. Consultants conduct environmental, health and safety assessments every three years and property managers use an online platform to demonstrate compliance.

Fiera Properties encourages property managers and partners to implement ESG best practices. It also participates in industry initiatives including the Global Real Estate Sustainability Benchmark (GRESB) and the REALpac/IPD green index.

In 2016, Fiera Properties ESG performance included:

Energy reduction: -0.5%
Water reduction: -20%
Building certifications: 452,074 sf (9% of portfolio)
Tenant engagement: 1,466,610 sf (28% of portfolio)
Community engagement: 1,293,859 sf (25% of portfolio)
Audits conducted in last 3 years (% of portfolio)

Energy: 25%
Water: 5%
Waste: 21%
Indoor air quality: 20%

Hedge funds

Market Neutral and Long/Short Mandates use a very similar fundamental research process compared to traditional equity mandates. They do integrate ESG issues into the assessment of an investment opportunity, when it can have an impact in the short term, in line with the investment horizon of the products.

Other (1) [as defined in Organisational Overview module]

Balanced mandates do integrate ESG issues indirectly: portfolio managers do consider ESG issues for their respective asset class.

Fiera also offers balanced mandates that explicitly invest in funds on which we have added an "ethical filter". Those funds not only take ESG issues into account but also restrain the portfolio managers from investing in companies with more than 10% of revenues derived from non-ethical sources, such as adult entertainment, alcohol, firearms, gambling, military contracting, nuclear power and tobacco.

15.2. Additional information [Optional].

SG 16. ESG issues for externally managed assets not reported in framework (Not Applicable)

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