In addition to describing the activities of the Fonds de solidarité FTQ for the 2012-2013 financial year and presenting its financial data as at May 31, 2013, this report outlines the Fonds’ global performance in terms of sustainable development, thereby including the extra-financial impact of its mission and activities. The Fonds places, as part of a continuous improvement approach, the comprehensive development of the economy at the very core of human wellbeing. To do this, it takes into account the three dimensions identified by the GRI: social, economic and environmental. If these three inseparable aspects are not considered, development will necessarily not be balanced.
30 years of sustainable and responsible development
Sustainable and responsible development is somehow part of the Fonds de solidarité FTQ’s DNA as it is closely related to its mission. Sustainable development (SD), which includes socially responsible investment (SRI), is not outside the scope of the Fonds’ operations; it is intrinsically related to its values and practices.
The Fonds was created 30 years ago to stimulate the Québec economy through investments that would benefit Québec workers and companies and, since then, its social and economic impact has continually increased. Yet, the Fonds’ actions are still based on the same two essential components, present from day one, in 1983: encouraging workers to save for retirement and channeling savings into strengthening the Québec economy by investing in companies.
A significant influence
The need for an institution such as the Fonds de solidarité FTQ was clearly felt in 1983, when Québec was in the midst of an economic and social crisis. As a socially responsible investor, the Fonds continues, 30 years later, to have a significant influence on the prosperity of Quebecers, companies and communities.