Read about the approach to responsible investing that helps guide the decisions of BC's Municipal Pension Board of Trustees and British Columbia Investment Management Corporation.
BC's Municipal Pension Board of Trustees (board) and British Columbia Investment Management Corporation (BCI) have a shared investment belief in responsible investing. This is because companies that do a good job of managing environmental, social and governance (ESG) matters have less risk and perform better financially over the longer term.
The board's approach to responsible investing is conducted within its framework of fiduciary responsibility. This means responsible investing practices are implemented in a manner that:
- does not interfere with the efficient investment of the pension fund’s assets to achieve investment return objectives, and
- is in the best financial interests of the plan’s current and future beneficiaries.
Through the Statement of investment policies and procedures, the board has directed bcIMC to give favourable consideration to investment opportunities with companies that:
- meet or exceed all environmental regulations and aspire to reduce the impact of their operations on the environment,
- apply best practices for corporate governance,
- adopt good standards of safety and employee welfare, and
- are responsible in their operations by effectively managing relationships with suppliers, customers and communities.
Both the board and BCI are signatories to the Principles for Responsible Investment (PRI), an international network of investors that share the goal of including environmental, social and governance elements into the processes and activities of institutional investors. Read the set of PRI documents located on the right-hand side of this page.
You can learn more about BCI’s responsible investment activities by reviewing the responsible investing fact sheets and newsletters, the ESG Engagement: public equities priorities and process, and proxy voting records available on BCI’s website.