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British Columbia Public Service Pension Board of Trustees

PRI reporting framework 2020

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Engagement

LEA 02. Reasoning for interaction on ESG issues

Indicate the method of engagement, giving reasons for the interaction.

Type of engagement

Reason for interaction

Individual / Internal staff engagements
Collaborative engagements
Service provider engagements

02.4. Additional information. [Optional]

Our investment agent, BCI, has a mandate to talk to and at times challenge companies and market participants about their policies and activities. BCI aims to provide positive influence, without placing unreasonable burdens on companies, while adhering to guidelines that reflect our input. It also believes that interacting with companies on ESG risks brings more insight to its investment decisions on our behalf and that by encouraging companies to manage ESG risks, it is minimizing our investment risk in the long-term.


LEA 03. Process for identifying and prioritising engagement activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.

03.1. Indicate whether your organisation has a formal process for identifying and prioritising engagements.

Indicate the criteria used to identify and prioritise engagements for each type of engagement.
Type of engagement
Criteria used to identify/prioritise engagements
Individual / Internal staff engagements

Individual / Internal staff engagements

Collaborative engagements

Collaborative engagements

03.3. Additional information. [Optional]

Our investment agent, BCI, focuses on three areas that we view as being long-term, widespread business challenges and, therefore, a natural fit for an investor with an investment horizon that stretches forward many decades, including: climate change and water, human rights, and governance (i.e. board composition, voting rights and executive compensation).

With these broad priorities established, BCI is able to identify targets for engagement through an annual portfolio assessment, which includes a review of the ESG performance of our top holdings. In addition, while conducting proxy voting duties, BCI actively tracks companies with which it plans to follow up based on its research and voting decisions.

Outside of proactive engagements, BCI also meets with companies' management and raises ESG issues.


LEA 04. Objectives for engagement activities

New selection options have been added to this indicator. Please review your prefilled responses carefully.
Indicate whether you define specific objectives for your organisation’s engagement activities.
Individual / Internal staff engagements
Collaborative engagements

04.2. Additional information. [Optional]

Our investment agent, BCI, has instituted an internal database to track engagement activity including all contacts and correspondence with a company. Using this database, BCI is able to track company progress.


LEA 05. Process for identifying and prioritising collaborative engagement

Indicate whether you monitor and/or review engagement outcomes.
Individual / Internal staff engagements
Collaborative engagements
Indicate whether you do any of the following to monitor and/or review the progress of engagement activities.
Individual / Internal staff engagements
Collaborative engagements

05.3. Additional information. [Optional]

Our investment agent, BCI, looks for policy changes and/or improvements in performance, and they utilize an internal database to track updates and/or the evaluation framework established by the PRI if it is a PRI collaboration.


LEA 06. Role in engagement process

06.1. Indicate whether your organisation has an escalation strategy when engagements are unsuccessful.

06.2. Indicate the escalation strategies used at your organisation following unsuccessful engagements.

06.3. Additional information. [Optional]


LEA 07. Share insights from engagements with internal/external managers (Private)


LEA 08. Tracking number of engagements

08.1. Indicate whether you track the number of your engagement activities.

Type of engagement
Tracking engagements
Individual/Internal staff engagements​

Collaborative engagements

08.2. Additional information. [Optional]


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