Fiera Capital has not yet formalized a document outlining its responsible investment approach. That being said, Fiera Capital employs responsible investing (RI) principles as an element in its security selection decision making process as we believe that certain of these elements may help assess the risk of particular investments.
We consider ESG issues as being those that can be viewed as having a material impact on the local or global environment, a positive or negative impact on the social fabric of the communities in which a company operates and a governance structure that treats shareholders and stakeholders in a fair and equitable manner. To the extent that any of these issues are viewed negatively by our portfolio managers, a risk premium is required rendering a potential investment less appealing from an investment standpoint.
At the Funds level, most of our Statements (IPS) include a description of how environmental, social and governance (ESG) factors are integrated into the fundamental investment decision-making process of the Funds.
Finally, Fiera Capital’s Proxy Voting Guidelines document is a key element of its integration of ESG factors in the investment process. Consistent with its proxy voting guidelines, Fiera Capital exercise its voting rights in order to maintain the highest standards of corporate governance, sustainability of the business and practices of the companies whose shares Fiera Capital holds.
Charlemange Capital, which is now a subsidiary of Fiera Capital, does have ESG policy.
Fiera Capital is looking to formalize its responsible investment approach into a ESG policy in the near future.