Webelieve that ESG factor integration leads to lower risk investment portfolios and to higher performing opportunities: hence, it allows for better risk adjusted returns over the long term.
We divested from the Thermal Coal companies within our investment policy porfolio (referenced by the adoption of the MSCI Ex-Coal group of indices for all of our euquity policy benchmarks).
We are seeking disclosure from all our managers about their overall portfolio ESG factors performance assessment vs their respective benchmark, about their portfolio CO2 emission foot print relative to their own benchmark and we are looking for specific proxy voting exercice that were performed to favor any proposal that increase environmental impact measurement disclosure. We specifically request our managers to disclose quarterly on any positions that they may hold for us that are from corporations involved in the Thermal Coal indsustry.
We have set an action plan to integrate all of these measures over the next 3 to 5 years and to get our managers onboard on the disclosure request we have asked for.