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British Columbia Public Service Pension Board of Trustees

PRI reporting framework 2020

Export Public Responses

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。

In our Board's Statement of Investment Policies and Procedures (SIPP) our Responsible Investing Policy states:

11.3 In keeping with the Board’s fiduciary responsibilities and framework, the Board believes that environmental, social, and corporate governance (“ESG”) issues can affect investment performance to varying degrees across companies, sectors, regions, asset classes and through time. In this regard, the Board supports the UN-led Principles for Responsible Investment, introduced in April 2006 ( By applying these principles, the Board recognizes that effective research, analysis and evaluation of ESG issues is a fundamental part of assessing the value and performance of an investment over the long term.

In Appendix C:, Section 13 one of our investment premises states:

13. The Board believes that companies that do a good job of managing environmental, social and governance (ESG) matters have less financial risk and perform better financially over the longer term. ESG factors may affect investment performance over time and to varying degrees across companies, sectors, regions and asset classes. BCI expects companies to be responsible in their operations, adopt good standards of occupational health & safety, and effectively manage stakeholder relationships.

Our investment agent, BCI, has their investment beliefs posted to their website.

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]

The Board recognizes that strong corporate governance and responsible corporate behaviour pertaining to environmental and social factors will generally contribute to better long-term financial performance of a company. Our investment agent, BCI's, approach is based on four key activities;

Integrate - Integrating ESG analysis and risk management in all investment processes, from supporting our asset allocation decisions to individual investment decisions with their portfolios 

Influence - Through engagement and advocacy including proxy voting and engagement with publicly traded companies, as well as serving as a director on boards of privately-held companies, BCI applies its influence on companies in which they invest, their partners, and other participants in capital markets

Invest - BCI actively seeks opportunities to invest in those ESG themed investments that contribute to improved long-term outcomes and reinforce their investment beliefs 

Insight - BCI uses their learnings across all ESG activities, as well as their understanding of emerging trends, to generate insights that help them continuously adapt and improve their strategies, processes, and approaches.

BCI's ESG Strategy is disclosed in a separate document as well as a synopsis provided in their Responsible Investing Annual Report.

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]

In 2020, the Board expects to approve a Strategic Decision and Risk Management Framework which includes a principle for Responsible Investment. 

The Board invests in the best long-term financial interests of the plan beneficiaries. The Board believes that, over the long-term, the best results are founded on sound governance practices and ethical standards, compliance with environmental regulations, progressive labour relations, and protection of human rights.

As stated in the Boards' Statement of Investment Policies and Procedures (SIPP), "The Board has a legal obligation to act in the best financial interest of the beneficiaries of the trust and exercise a high standard of care in protecting the Fund and its assets".

The Board strives to ensure that the Plan and its Funds continue and retain value for current and future members and takes a long-term view in all decisions and considers consequential impacts.

In 2017, our investment agent, BCI, updated its investment beliefs to align with its new business strategy. A PDF of its investment beliefs is publicly available on its website at In 2018, BCI began the process to update its corporate ESG strategy and this update continued throughout 2019.

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。

Conflicts of interest in the investments of the Board are not likely to occur because the Board does not decide individual investments and individual Board members do not have the authority to direct BCI. The Board’s Statement of Investment Policies and Procedures addresses governance and the role of BCI in section 3 and Conflicts of Interest in section 12 of Appendix C. The Board’s Code of Conduct includes conflict of interest rules that prohibit a trustee from using information or authority for the trustee’s personal benefit or private interests. 

Due to word limitation, our complete Code of Conduct, conflict of interest rules are located online at the following URL:

Our investment agent, BCI, is responsible for ensuring client funds are managed in accordance with the investment policy. All BCI employees are bound by their Corporate Code of Ethics and Professional Conduct (includes a commitment to responsible investment as one of the principles) and must certify compliance annually. BCI is required to meet or exceed the investment industry standards established by the CFA Institute. BCI also has a Code of Conduct for Directors; and BCI board members do not have any authority, individually or as a board, to direct investments.

03.3. 補足情報 [任意]

SG 04. Identifying incidents occurring within portfolios (Private)