A committed solidarity-based Fund
This is already our third annual report incorporating the concept of sustainability!
The Fonds de solidarité FTQ decided to issue, each year, an integrated sustainability report, which means that it includes both its annual report (financial activities and data) and a component addressing its extra-financial impact, namely its performance in the three dimensions of sustainable development: social, economic and environmental.
The Fonds therefore reiterates each year its triple-bottom line reporting commitment to all its stakeholders. By doing so, we also demonstrate that we embrace the sustainability sound practices to be promoted, based on the internationally recognized guidelines of the Global Reporting Initiative (GRI).
Our social and economic impact
In itself, the mission entrusted by Québec society to the Fonds de solidarité FTQ is a good indicator of the impact, both social and economic, that this unique organization's activities have in the province. Through its mission, values and practices, the Fonds significantly contributes to Québec's economic development while helping Quebeckers save, mainly for retirement.
For almost 30 years now the Fonds has provided Quebeckers with a tool that helps them to enjoy better living conditions during retirement and allows them to get involved in the development of their economy. As a responsible investor, the Fonds plays a major role in the strengthening and growth of the companies in which it invests, across Québec, and is therefore involved in creating, maintaining or protecting quality jobs. Ultimately, Québec society as a whole benefits from the activities of the Fonds de solidarité FTQ.
The term "stakeholders" is now currently used to designate all the groups, organizations and persons who have an interest in or an influence on the activities of an organization. As an organization that follows a sustainable development approach, the Fonds de solidarité FTQ engages in a dialogue with its stakeholders to really understand their needs, concerns and expectations as well as to implement ways and means to meet them as adequately as possible.see the relationships with our stakeholders
Reporting period and report boundary
This report covers a period corresponding to the latest financial year of the Fonds de solidarité FTQ, which was from June 1, 2011 to May 31, 2012. It reflects all social, economic and environmental indicators determined by the GRI.
In accordance with the sustainability approach suggested by the GRI, the data included in this report reflect the situation of the Fonds de solidarité FTQ. They were collected and validated by the Fonds professionals responsible for this report, and this report was also read by our independent auditors.
CONTEXT AND PARAMETERS
Defining report content (reporting process)
To define the content of this report, the Fonds adopted the methodology recommended by the GRI; it used the indicators in version GRI 3.1, the most recent, as well as those in the financial services sector supplement. This process is based on the following principles: materiality, stakeholder inclusiveness, sustainability context and completeness. We also examined the key and material indicators discussed in prior years to reassess whether they remain valid given the issues of the past year.
This materiality test helped us determine the priorities and important themes of this report, i.e., to ensure that we consider, when preparing this report, the concerns of our industry and those of our stakeholders. We therefore ensured to prepare the most complete report possible that integrates our best understanding of sustainability issues and that reflects the economic, social and environmental impact of the Fonds' activities in Québec.
An internal review performed by management confirms that the content and the boundary of the report adequately reflect the Fonds' impact on Québec's society.
As it reflects the highest number of indicators required by the GRI, this report complies with application level A. download the pdf version of our ASR to consult the GRI index
The report covers a group of activities directly performed by the Fonds de solidarité FTQ. The Fonds does not have to include its 2,239 partner companies within the boundary of this report since each of them is responsible for reporting its own activities. However, in keeping with its mission and values, the Fonds de solidarité FTQ has always encouraged its partner companies to adopt responsible behaviours in all respects.
On the other hand, the results of certain activities of the 16 Fonds régionaux de solidarité FTQ, the 85 Fonds locaux de solidarité FTQ and the Fonds immobilier de solidarité FTQ, which form part of the Fonds' investment network, are highlighted in this report.