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Letko, Brosseau & Associates Inc.

PRI reporting framework 2020

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. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Investment decisions are based on in-depth fundamental analysis, price sensitivity, a global perspective, a long-term investment horizon and an analysis of ESG issues. LBA’s approach to investing responsibly and integrating ESG considerations is guided by the mandate to deliver returns that will enable clients to achieve their long-term investment objectives and our core values. We believe that companies with sound business practices, including strong corporate governance and responsible management of material environmental and social issues, have better success and deliver stronger financial performance over time. Conversely, companies that have poor environmental, social or corporate governance practices present risks and controversies that may hinder their financial performance. Our industry experts investigate these ESG risks and opportunities through our in-house research process, which is complemented by independent third-party research.

Additionally, we consider ourselves to be long-term partners of our investee companies and have a very strong culture of engagement, maintaining ongoing dialogue with management and occasionally with board members so we can address issues as they arise. 

The same investment approach is pursued across all asset classes and applied across all portfolios. Funds managed under segregated accounts may be subject to specific investment criteria tailored to clients' requests.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].


SG 01 CC. Climate risk (Private)

SG 02. Publicly available RI policy or guidance documents


02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

LBA's Responsible Investing and Proxy Voting policies are available to its clients.

SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

The Canadian Securities regulations require that we identify and respond to existing or potential conflicts of interest and disclose the nature and extent of the conflict of interest to our clients in a timely manner. (NI 31-103, section 13.4).

We understand our fiduciary duties and responsibilities as stewards of our clients’ funds and endeavor to always act in our clients’ best interests. Should a conflict of interest arise between LBA and a client, we shall promptly disclose such a conflict and act in the interest of the client or resign as the manager of the client’s investments.

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)