Responsible investing

Environmental, social and governance issues are key to the board’s investment approach.

Principles for Responsible Investment

The board and BCI are signatories to the United Nations–supported Principles for Responsible Investment (PRI).

Through this association, we are part of an international network of investors working together to better understand the investment implications of ESG issues and integrate ESG considerations into investment and ownership decisions.

Annual assessments

Each year the board and BCI take part in a PRI assessment to measure our progress. The assessment is a tool used to benchmark the board’s responsible investing practice against others. Over the years, the Municipal Pension Plan has consistently received positive scores.

Joint learning and action

The board co-founded the Western North America (WNA) PRI network. This group brings together like-minded investors in British Columbia, Alberta, Saskatchewan, California and Washington with opportunities to share information and best practices about ESG integration, discuss issues of regional concern and move the responsible investment conversation forward.

Following the success of the WNA PRI network, the UN PRI formed the Western North America Advisory Committee and appointed the plan’s executive director as co-chair. Today the chair of the plan’s investment committee is the co-chair of PRI’s WNA advisory committee.

Six principles for responsible investment

PRI, the world’s leading proponent of responsible investment, has six principles, developed by investors for investors. The principles are voluntary and aspirational and offer a menu of possible actions for incorporating ESG issues into investment practice.

Principle 1:

We will incorporate ESG issues into investment analysis and decision-making processes.

Principle 2:

We will be active owners and incorporate ESG issues into our ownership policies and practices.

Principle 3:

We will seek appropriate disclosure on ESG issues by the entities in which we invest.

Principle 4:

We will promote acceptance and implementation of the principles within the investment industry.

Principle 5:

We will work together to enhance our effectiveness in implementing the principles.

Principle 6:

We will each report on our activities and progress towards implementing the principles.

Related content for responsible investing

Letters and submissions

Annual report