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Letko, Brosseau & Associates Inc.

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy


SG 01. RI policy and coverage


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/種類と対象範囲を示してください。


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. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

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. 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]

01.6. 補足情報 [任意]


SG 01 CC. Climate risk (Private)

SG 02. Publicly available RI policy or guidance documents


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. 補足情報 [任意]

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

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。

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. 補足情報 [任意]

SG 04. Identifying incidents occurring within portfolios (Private)