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NEI Investments

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We participated as a steering committee member and/or lead investor in several PRI collaborations:

  • Responsible Tax
  • Methane
  • Climate Change Transition for Oil & Gas

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We were signatory to the CDP Climate disclosure request.

In October 2019, we co-organized with CDP an all-day event in Calgary for energy companies focused on improving carbon-related disclosure. Companies and investors attended the session to discuss challenges and gaps as they relate to carbon disclosure in the oil & gas sector, as well as outlining the investor need for better information. This was the third year running we have held the event in collaboration with the CDP. Roughly 20 energy companies attended the event.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are co-leads for three dialogues in CA100+ and a supporting investor in seven other dialogues.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

As an Associate Member of ICCR, we sat on several steering committees/leadership groups and led, co-led or participated in a variety of collaborative engagements, including:

  • Investor Alliance for Human Rights (IAHR) Steering Committee 
  • IAHR Financials Leadership Group
  • IAHR ICT Sector Leadership Group 
  • Digital Rights (co-lead for global investor statement)
  • ICCR Health Equity Leadership Team
  • Access to Medicine
  • Bangladesh Investor Initiative (lead for Canadian Tire)
  • ICCR Financials Working Group (steering group for Wells Fargo)
  • Access to Nutrition
  • Methane

 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We continue to be a member of ICGN and in 2019 participated in the member consultation on the Global Stewardship Principles

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We played an active role within Ceres working groups. Through Ceres, we participate as a lead investor in the Climate Action 100+ initiative supporting the adoption of the disclosure recommendations of the FSB Taskforce on Climate-related Financial Disclosure.

 

          Responsible Investment Association (Canada)
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are a Sustaining Member of the RIA and we sit on the Board. As well, we chaired the RIA policy stewardship group and the Toronto RI Working Group

          Business Benchmark for Farm Animal Welfare
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are a signatory to the BBFAW investor statement, have led engagements on the initiative in the past, and continue to look for ways to support the initiative.

          Investors for Opioid Accountability
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We chaired the International Sub-Comittee of the Investors for Opioid Accountability (IOA) focusing on prescription opioid risks beyond the U.S. market. We participated in engagements with U.S. companies, leading part of the agenda in dialogue and responded to the media in Canada as a member of IOA.

          Canadian Coalition for Good Governance
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Our Director of Corporate Engagement sat on the CCGG Environmental and Social Committee.

          Energy Futures Lab
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Our Director, Corporate Engagement is a fellow of the Energy Futures Lab - a collaboration among companies, civil society, government, academics, First Nations and others on a shared vision for a net-zero energy future for Alberta.


SG 09.2. Assets managed by PRI signatories

Indicate approximately what percentage (+/- 5%) of your externally managed assets under management are managed by PRI signatories.

65 %

SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          In 2019, NEI engaged numerous times with Canadian financial advisors to provide educational support on Responsible Investing, including one-on-one meetings, branch presentations, conference seminars and webinars. Over the course of the year, thousands of financial advisors and investors are exposed to educational and/or promotional RI materials through NEI. Examples of training and/or educational seminars include:

•	Responsible Investing basics – What is it? Why it matters? What is corporate engagement? How it makes a difference for communities, companies and shareholders. 
•	Responsible Investing Webinars – Targeted to financial advisors, especially those in Credit Unions, to help them identify how RI can be incorporated into investor portfolios.
•	Hosted RIA panel for advisors on how to incorporate RI into your practice
        

Frequency of contribution

Description

          To set a standard for engagement transparency in Canada, we publish quarterly updates on our corporate engagement activities  on our website: https://www.neiinvestments.com/pages/about-nei/about-ethical-funds/esg-difference/corporate-engagements/ 

We also maintain a database providing access to the detailed rationales for our proxy voting decisions: http://vds.issproxy.com/SearchPage.php?CustomerID=8272

Encouraged the development of an RI certification program through the RIA. 

We annually provide input on the PRI's reporting framework.
        

Frequency of contribution

Description

          NEI representatives spoke at numerous events, including the conferences of RIA Canada, Ceres, ICCR, Conference Board of Canada, as well as at numerous events to introduce Canadian financial advisors to promote responsible investment.
        

Frequency of contribution

Description

          We published a paper on emerging standards for responsible investment
        

Frequency of contribution

Description

          We responded to numerous consultations by non-governmental organizations, including OECD, ICGN and the Equator Principles. Our submissions are published on our website https://www.neiinvestments.com/pages/about-nei/about-ethical-funds/esg-difference/public-policy-and-standards/
        

Frequency of contribution

Description

          Responsible Tax, Climate Change Transition for Oil & Gas,  Methane, Labour Standards in the Agricultural Supply Chain
        

Frequency of contribution

Description

          RIA, CCGG, IAHR, Toronto RI Working Group
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

Our public policy activities are disclosed in our quarterly and annual engagement reports: https://www.neiinvestments.com/pages/responsible-investing/esg-difference/focus-list/

Our public policy submissions are disclosed on our website: https://www.neiinvestments.com/pages/responsible-investing/esg-difference/public-policy-and-standards/

Key topics for public policy engagement in 2019 included:

  • Climate change and the energy transition
  • Vehicle emission standards
  • methane emission standards
  • Board diversity requirements
  • Human rights and labour rights
  • Indigenous Rights
  • Responsible lending

 


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