Responsible Investing Affiliations

UTAM believes that there is strength in numbers, and that by working together with other like-minded investors, we can achieve together what might not be possible individually.

As our approach to responsible investing has evolved over time, we’ve moved from just joining organizations to, in some cases, taking on leadership roles within them.

The list below shows the external organizations supporting advocacy and collaboration to which we currently belong.

30% Club Canada

30% Club Canada members commit to a Statement of Intent that expresses our collective objective to achieve a minimum of 30% women on the boards and at the executive management level of S&P/TSX Composite Index listed companies by 2022.

Although we only joined the 30% Club’s Canadian Investor Group in December 2018, we have already identified companies with which we will engage, in collaboration with other Club members. 

Member since 2018

Canadian Coalition for Good Governance

The Canadian Coalition for Good Governance (CCGG) represents the interests of institutional investors in promoting sound corporate governance practices among Canadian public companies.

In 2018, the CCGG published The Directors’ E&S Guidebook, which provides practical insights and recommendations for effective board oversight and company disclosure of environmental and social (“E&S”) factors. We support the CCGG’s efforts to assist boards in developing a robust, principles-based approach to the governance and oversight of E&S factors and to bring a deeper dialogue between companies and investors in this area.

Member since 2008

CDP

The CDP, formerly the Carbon Disclosure Project, operates a nonprofit global system that enables companies and governments to measure and manage their environmental impacts. Nearly 7,000 companies representing over 50% of global market capitalization and more than 750 cities, states and regions disclosed environmental data in 2018 – an increase of more than 11% over 2017.

Once again, UTAM led engagement initiatives encouraging specific companies to respond to CDP’s disclosure requests.

Signatory since 2016

Climate Action 100+

Climate Action 100+ is an investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. The companies include 100 “systemically important emitters,” accounting for two-thirds of annual global industrial emissions, alongside more than 60 others.

We were a founding participant in the initiative and are working with other investors to engage with four companies on the list.

Signatory since 2017

Institutional Limited Partners Association

The Institutional Limited Partners Association (ILPA) advances the interests of private equity investors globally through education programs, independent research, development of best practices, and opportunities for networking and collaboration.

UTAM has endorsed ILPA’s Private Equity Principles, which stipulate that managers should provide investors with portfolio information on all material risks, including those related to ESG.

Member since 2002

Intentional Endowments Network

The Intentional Endowments Network (IEN) is a membership organization of like-minded institutions of higher education that collectively seek to advance consideration and implementation of their individual responsible investing initiatives.

We support the work of the IEN and look forward to considering how we can best participate in and contribute to our shared objectives.

Member since 2018

Montréal Carbon Pledge

By signing the Montréal Carbon Pledge, investors commit to measure and publicly disclose the carbon footprint of their investment portfolios on an annual basis. The Pledge was launched in September 2014 at PRI in Person in Montréal, and is supported by the Principles for Responsible Investment (PRI) and the United Nations Environment Programme Finance Initiative (UNEP FI).

In 2018, we published the carbon footprint of the Pension and Endowment public equity portfolios.

Signatory since 2017

Pension Investment Association of Canada

The Pension Investment Association of Canada (PIAC) promotes and evaluates sound pension and corporate governance standards and practices.

Our Chief Operating Officer is a member of PIAC’s Investor Stewardship Committee, which aims to develop, monitor and promote robust standards and best practices for investor stewardship of pensions in Canada. Activities reviewed by the Committee include proxy voting, corporate engagement, governance and integrating ESG factors into investment processes.

Member since 2004

Principles for Responsible Investment

The Principles for Responsible Investment (PRI) supports a global network of signatories as they incorporate ESG factors into their investment decisions. The PRI acts in the long-term interests of financial markets, economies, society and the environment.

Our Chief Risk Officer is a member of the PRI’s Asset Owner Advisory Committee, which provides advice, tools and support to asset owners implementing the PRI. The committee also undertakes engagement with industry stakeholders, including existing and potential PRI signatories, about responsible investment practices.

Signatory since 2016

Responsible Investment Association

The Responsible Investment Association (RIA) brings together Canadian mutual fund companies, financial institutions, asset managers, advisors, consultants, researchers and individual investors who believe that integrating ESG factors into investment management can yield superior risk-adjusted returns and positive societal impact.

In 2018, Lisa Becker, our Chief Operating Officer, joined the board of the RIA, and she chairs the Governance Policy Committee. We actively contribute to the RIA Toronto Working Group, regularly hosting its meetings.

Member since 2016

Standards Board for Alternative Investments

The SBAI is a standard-setting body for the alternative investment industry and acts as custodian of the Standards. It provides a powerful mechanism for creating a framework of transparency, integrity and good governance, which improves how the industry operates, facilitates investor due diligence and complements public policy.

We support the work of the SBAI and look forward to considering how we can best contribute to this organization.

Member since 2018