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Régime de retraite d'Hydro-Québec

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.

Hydro-Québec is responsible, as a fiduciary, for the management of the pension fund under its constitutive law and, as such, the Council approves the Investment Policy annually. The latter delegates the implementation to the Executive Vice-President and Chief Financial and Risk Officer who monitors and assesses it.

Hydro-Québec manages the pension fund's portfolio with prudence, diligence and competence. We act with honesty and loyalty in the best interest of the participants and beneficiaries. 

The Caisse's approach to responsible investment revolves around the following practices: the integration of ESG factors, shareholder engagement, and the exceptional use of exclusion. In addition, our Investment Management Policy provides for the distribution of the securities in the portfolio among different asset classes and various regions of the world. This diversification makes it possible to seize the opportunities that arise on the markets while limiting the risk, with the aim of optimizing the overall return, whatever the economic situation.

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.

The directors, officers and employees of Hydro-Québec, who have certain responsibilities with regard to the management of the pension fund, are subject to strict ethical rules, in particular concerning conflicts of interest. These rules are described in the Code of ethics and conduct of directors, officers and controllers of Hydro-Québec, the Code of conduct for employees of Hydro-Québec.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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