Sustainable development (SD) has been part of the mission, values and practices of the Fonds de solidarité FTQ since its creation. As such, the Fonds takes into account the economic, social and environmental dimensions of development and applies socially responsible investment (SRI) principles.
The social responsibility of the Fonds
The social responsibility of the Fonds and its commitment to SD and SRI principles are reflected in its responsible approach to investment activities, which includes:
- the integration of environmental, social and governance (ESG) as well as SD factors into these activities;
- shareholder engagement; and
- targeted exclusion.
The sustainable development policy
The Board of Directors of the Fonds adopted a Sustainable Development Framework Policy in August 2014. This policy defines the Fonds de solidarité FTQ’s main orientations and general approach with respect to SD and SRI.
Integrated annual reports
In 2016, the Fonds issued its seventh Annual and Sustainability Report (to the right), which was prepared in accordance with the criteria of the Global Reporting Initiative (GRI) fourth generation guidelines. This report, which integrates the financial and extra-financial data of the Fonds, is in accordance with the requirements of the G4 "Core" option.
Principles for Responsible Investment
As a responsible institutional investor, and to act in the best long-term interest of its shareholders, the Fonds de solidarité FTQ joined to the Principles for Responsible Investment (PRI) in September 2011.
Since then, to ensure better monitoring of its investments in large-capitalization securities, the Fonds has used the services of SHARE (Shareholder Association for Research & Education). This not-for-profit organization may intervene at shareholders' meetings by proposing resolutions or debating resolutions that were already submitted. It may also take more direct action by contacting certain companies to motivate them to improve their practices.
The objective of this collaboration: engaging companies in a dialogue to encourage them to adopt good governance, human rights or environmental protection practices.