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Fonds de solidarité FTQ

PRI reporting framework 2020

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Asset class implementation gateway indicators

OO 10. Active ownership practices for listed assets

10.1. Select the active ownership activities your organisation implemented in the reporting year.

Listed equity – engagement

Listed equity – voting

Fixed income SSA – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          We do not require external managers to engage with issuers on our behalf for fixed income instruments. The agreement concluded between  the Fonds and  its external service provider only concerns its investments in corporate equities.
        

Fixed income Corporate (financial) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          We do not require external managers to engage with issuers on our behalf for fixed income instruments. The agreement concluded between  the Fonds and  its external service provider only concerns its investments in corporate equities.
        

Fixed income Corporate (non-financial) – engagement

Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.

          We do not require external managers to engage with issuers on our behalf for fixed income instruments. The agreement concluded between  the Fonds and  its external service provider only concerns its investments in corporate equities.
        

OO 11. ESG incorporation practices for all assets

11.1. Select the internally managed asset classes in which you addressed ESG incorporation into your investment decisions and/or your active ownership practices (during the reporting year).

Listed equity

Fixed income - SSA

Fixed income - corporate (financial)

Fixed income - corporate (non-financial)

Private equity

Property

Forestry

Money market instruments

Select the externally managed assets classes in which you and/or your investment consultants address ESG incorporation in your external manager selection, appointment and/or monitoring processes.
Asset class
ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes
Listed equity

Listed equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - SSA

Fixed income - SSA - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (financial)

Fixed income - corporate (financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Fixed income - corporate (non-financial)

Fixed income - corporate (non-financial) - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

Private equity

Private equity - ESG incorporation addressed in your external manager selection, appointment and/or monitoring processes

11.3b. If your organisation does not integrate ESG factors into investment decisions on your externally managed assets, explain why not.

No specific intitiative was in place during the reporting period regarding ESG integration in the Fonds’ external manager selection, appointment and/or monitoring processes.

However, all external portfolio managers must comply with the Fonds’ exclusion list, which includes all companies having been deemed incompatible with the Fonds’ mission and values.

In order to identify those companies, the Fonds mandates an external firm to perform an ESG review each year. Based on this evaluation and following internal discussions, the Fonds determines which companies it will exclude from or reintegrate to its portfolio. The final exclusion list is shared with all external managers and applies to all equity and bond holdings.

11.4. Provide a brief description of how your organisation includes responsible investment considerations in your investment manager selection, appointment and monitoring processes.

All external portfolio managers must comply with the Fonds’ exclusion list, which includes all companies having been deemed incompatible with the Fonds’ mission and values.

In order to identify those companies, the Fonds annually mandates an external firm to perform an ESG review. Based on this evaluation and following internal discussions, the Fonds determines which companies it will exclude from or reintegrate to its portfolio. The final exclusion list is shared with all external managers and applies to all equity and bond holdings.

In addition to its exclusion list, the Fonds has integrated CAD$1.4 billion of assets to the MSCI World Low Carbon ESG Target Screened Index. Based on the MSCI World Index, the MSCI World Low Carbon ESG Target Screened Index includes large and mid-cap stocks across 23 developed market countries. The base methodology is one of carbon footprint reduction, including standard exclusions of tobacco, controversial weapon, red flag and thermal coal stocks, and is overlaid with an ESG rating improvement.

Finally, the Fonds has mandated an external firm to vote all shares related to its externally managed funds – on its behalf and according to its voting principles.

11.5. For your externally managed pooled funds, describe any mechanisms in place to set expectations as part of the appointment or commitment process.

A social audit might be performed on the fund itself in some instances.


OO 12. Modules and sections required to complete

12.1. Below are all applicable modules or sections you may report on. Those which are mandatory to report (asset classes representing 10% or more of your AUM) are already ticked and read-only. Those which are voluntary to report on can be opted into by ticking the box.

Core modules

RI implementation directly or via service providers

Direct - Listed Equity incorporation

Direct - Listed Equity active ownership

Direct - Fixed Income

Direct - Other asset classes with dedicated modules

Closing module

12.2. Additional information. [Optional]


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