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Canadian Union of Public Employees Employees' Pension Plan (CEPP)

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.

The Joint Board of Trustees (JBT) of the CUPE Employees Pension Plan (CEPP) recognizes that non-financial criteria, and especially enivronmental, social and governance (ESG) criteria may influence investment performance. In addition, in conformity with the Freshfields' opinion on plan fiduciaries' legal obligations in regard ot pension investments, the JBT believes that business entities that implement ESG standards are likely to be better managed and more financially successful over the long-term than those which do not. Accordingly, JBT has recommended to its Investment Managers that they consider ESG standards in making security selections so that all relevant risks and opportunities can be property evaluated.

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].


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.

CEPP's Conflict of Interest policy recognizes that the Board, and each member of the Board, owes fiduciary obligations to the Plan and its members. A fiduciary is required, above all else, to set aside the fiduciary's own interests, and to exercise the fiduciary's discretion and judgment exclusively in the interests of the persons to whom the fiduciary obligation is owed. So, in the case of a pension plan, members of a board of trustees are required to set aside their own interests, and to make decisions affecting the plan exclusively in the interest of the plan and its members. CEPP's policy establishes rules for governing conflict as well as procedures in the event of a conflict. The policy is publicly available here: http://www.cepp.ca/content/user_files/2015/01/Conflict-of-Interest-Policy-May-27-03-adopted-June-2006-Mtg.pdf. 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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