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NEI Investments

PRI reporting framework 2020

You are in Strategy and Governance » Innovation


SG 18. Innovative features of approach to RI

18.1. Indicate whether any specific features of your approach to responsible investment are particularly innovative.

18.2. Describe any specific features of your approach to responsible investment that you believe are particularly innovative.

We have developed and implemented an internal due diligence process to align our existing approach to the OECD's guidance on “Responsible Business Conduct for Institutional Investors,” which outlines the expectations for investors in regard to undertaking proper due diligence related to the OECD Guidelines for Multinational Enterprises.

Our internal engagement database allows us to track engagement with every company by topic, and to track progress in terms of our effort, the company's responsiveness and the outcome achieved.

We have been the catalyst for numerous multi-stakeholder processes that seek to find collaborative solutions to challenging, systemic issues. For example, in 2019 we organized a full-day workshop on the opportunities and risks of the energy transition for Canadian companies. In organizing the event, we formed a steering committee that included Suncor Energy, Royal Bank of Canada, Teck Resources and Energy Futures Lab. the very act of organizing the event was an innovative form of engagement, and the event itself was attended by close to 100 investors, academics, companies and others.

We provide a very high level of transparency on our engagement activities, including detailed disclosure of dialogue activities, publication of policy submissions, and full disclosure of vote decisions and rationales. We believe we have demonstrated over two decades that there is no insurmountable barrier to transparency on engagement