/
/
/
/
/
Responsible investment and your pension

Responsible investment and your pension

Pension_Forum_3.jpgVICTORIA – Public sector pension plans are increasingly embracing a “responsible investment” approach that takes environmental, social, and governance (ESG) factors into account, delegates at Wednesday’s pension forum learned.

The panel, moderated by CUPE BC Pensions Committee chair Frank Lee, was comprised of Peter Chapman, chair of the Shareholder Association for Research and Education (SHARE); Jennifer Coulson, senior manager of ESG integration for the BC Investment Management Corporation (IMC); and Judy Payne, executive director of the BC Municipal Pension Plan (MPP).

With greater societal expectation to invest ethically, outside pressure can make a difference.

Chapman cited the Rana Plaza factory collapse, when supermarket giant Loblaws learned that the logo of one of its clothing providers was captured in the rubble by TV cameras. Facing big losses, Loblaws joined an international group of companies committed to building safer factories in Bangladesh while contributing to a fund for victims.

The MPP, a signatory to Principles for Responsible Investment (PRI), believes that engaging with companies is a more effective strategy than disinvestment, said Payne.

Coulson said that IMC’s investment approach looks at the issues most relevant to a particular company.

“The numbers will show that we are quite critical and look at everything,” she said.

Share this

Latest News

CUPE 4163 and University of Victoria reach tentative agreement

CUPE 4163 and University of Victoria reach tentative agreement

November 29, 2022
VICTORIA – The University of Victoria Educational Workers’ Union (CUPE 4163) Component 3 has reached a tentative agreement with UVic. The agreement, reached this week at the bargaining table, covers…
VICTORIA – The University of Victoria Educational Workers’ Union (CUPE 4163) Component 3 has reached a tentative agreement with UVic. The agreement, reached this week at the bargaining table, covers...

CUPE 410 and Greater Victoria Public Library reach tentative agreement

CUPE 410 and Greater Victoria Public Library reach tentative agreement

November 21, 2022
VICTORIA – Library workers in British Columbia’s capital region, represented by CUPE Local 410, have reached a tentative agreement with the Greater Victoria Public Library. The new agreement, once ratified,…
VICTORIA – Library workers in British Columbia’s capital region, represented by CUPE Local 410, have reached a tentative agreement with the Greater Victoria Public Library. The new agreement, once ratified,...

Capital Regional District workers reach tentative agreement

Capital Regional District workers reach tentative agreement

November 14, 2022
VICTORIA – CUPE Local 1978, Capital Regional District (CRD) workers, and the CRD have reached a tentative agreement. The agreement was reached last Thursday (November 10), after two days of…
VICTORIA – CUPE Local 1978, Capital Regional District (CRD) workers, and the CRD have reached a tentative agreement. The agreement was reached last Thursday (November 10), after two days of...