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Fonds de solidarité FTQ

PRI reporting framework 2020

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ESG incorporation in actively managed fixed income

Implementation processes

FI 01. Incorporation strategies applied

Indicate (1) Which ESG incorporation strategy and/or combination of strategies you apply to your actively managed fixed income investments; and (2) The proportion (+/- 5%) of your total actively managed fixed income investments each strategy applies to.
SSA
87 Screening alone
0 Thematic alone
0 Integration alone
0 Screening + integration strategies
0 Thematic + integration strategies
13 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%

01.2. Describe your reasons for choosing a particular ESG incorporation strategy and how combinations of strategies are used.

All assets must comply with the Fonds’ Sustainable Development Framework Policy, which includes exclusion criteria (screening).

In keeping with its commitment to grow the proportion of green bonds in its bond portfolio, the Fonds has increased its investments in government, institutional and corporate green bonds (thematic). During the last year, the green bond proportion of the Fonds’ bond portfolio has doubled from 5.0% to 9.9% to stand at approximately $342 million, as at May 31, 2019.

01.3. Additional information [Optional].


FI 02. ESG issues and issuer research (Private)


FI 03. Processes to ensure analysis is robust

03.1. Indicate how you ensure that your ESG research process is robust:

03.2. Describe how your ESG information or analysis is shared among your investment team.

          All assets must comply with the Fonds’ Sustainable Development Framework Policy, which includes exclusion criteria (screening).
        

03.3. Additional information. [Optional]


(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
SSA
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

All assets must comply with the Fonds’ Sustainable Development Framework Policy, which includes exclusion criteria (screening).

The Fonds mainly invests in Canadian bonds.

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process (Not Completed)


FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Negative/exclusionary screening

other description

          Weekly audits are performed by the Fonds’ internal teams to insure external PM did not invest in issuers that did not meet the exclusion criteria
        

06.2. Additional information. [Optional]


(B) Implementation: Thematic

FI 07. Thematic investing - overview (Private)


FI 08. Thematic investing - themed bond processes

08.1. Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles, Social Bond Principles, or Sustainability Bond Guidelines..

08.2. Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.

The Fonds invests in bonds labelled as “green”. Each year, the Fonds ensures it receives a report from each issuer detailing the way with which proceeds have been disbursed.

08.3. Additional information. [Optional]


FI 09. Thematic investing - assessing impact

09.1. Indicate how you assess the environmental or social impact of your thematic investments.

09.2. Additional information. [Optional]


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