OUR OFFICES OUR CONTRIBUTORS NEWS HUB FRANÇAIS We are PSP Our Performance We are Investors We are a Debt Issuer Work with Us Investing Responsibly Driven to create long-term value PSP Investments continues to support ILN’s efforts to develop climate change tools for investors PSP Investments participated in the development of the latest ILN “Climate Change Physical Risk Toolkit” report. READ MORE PSP Investments integrates SASB standard into a dynamic ESG composite score. Looking beyond the numbers Environment Assessing risks and opportunities such as climate change, water usage and waste Social Prioritizing worker, community and societal health and well-being Governance Encouraging high performing boards of directors and good governance practices Detailed reports of our achievements & performance 2021 Responsible Investment Report Date: March 31, 2021 Size: 1.7 MB 2021 Annual Report Date: March 31, 2021 Size: 12.6 MB HISTORICAL REPORTS External research reports How public pension and sovereign wealth funds mainstream sustainability United Nations Conference on Trade and Development Date: September 18, 2020 VIEW REPORT Climate Change Mitigation and Your Portfolio: Practical tools for investors Investor Leadership Network Date: September 15, 2020 VIEW REPORT Translating our beliefs into action We believe that well-run companies that effectively manage social and environmental issues are more likely to prosper over time. That is why, as a long-term investor, we integrate environmental, social and governance (ESG) considerations into our investment analysis and decision-making, and support sustainable business practices among the companies we invest in. One of our roles as an investor is being an active steward of the assets we own, recognizing that stewardship is a shared responsibility. For PSP, responsible investing means being committed to principles and collaborating with others to support robust and vibrant financial markets. RESPONSIBLE INVESTMENT POLICY PSP is a member of the Canadian Coalition for Good Governance (CCGG) and supports the CCGG Stewardship Principles. The Principles offer a framework of key stewardship responsibilities and were designed to help articulate investors’ fiduciary role. Although the Principles were designed with a view towards application in Canada, they are consistent with international developments in stewardship guidance to complement, rather than supersede or conflict with, the stewardship principles or codes of other countries and organizations. Integrating ESG in private investments We conduct an in-depth ESG risk and opportunity analysis during the due diligence process for our private investments in Real Estate, Infrastructure, Natural Resources, Private Equity and Credit Investments. As owners, we closely monitor assets and engage directly with boards and management of our investee companies on material ESG risks and opportunities, with a view to protecting and enhancing long-term financial value. READ MORE Integrating ESG in public investments As part of our investment analysis and decision-making processes, we identify material ESG factors that may impact the long-term financial performance of our public market investments. We leverage our ownership positions to promote good governance practices, exercising our proxy voting rights and actively engaging with companies. We take a stand on issues that matter to capital markets more broadly by supporting best practices. A report of each year’s engagement activities is provided in our annual Responsible Investment Report. READ MORE Standing by our beliefs Proxy voting We strive to vote at all shareholder meetings organized by companies in which we invest. Our proxy voting principles serve as our guide and focus on eight themes. Our proxy voting record PSP publishes its voting records for shareholders' meetings on a website hosted by Institutional Shareholders Services (ISS). Voting records can be searched by issuer name or by date starting from November 1, 2017. SEARCH VOTING RECORDS Téléchargement Document Proxy voting principles Date: March 19, 2020 Size: 214.4 KB Setting a high bar for external managers We assess the ESG practices of fund managers to ensure that their approach is aligned with our Responsible Investment Policy and expectations. Before allocating capital to any external managers for public market investments or committing to private investment funds, we use an in-house framework to objectively evaluate their ESG practices. By reporting back to them on our findings, we share our ESG vision and open the door to discussions about ESG best practices and how to adopt them. Collaborating on issues that matter to capital markets We work with a number of organizations to support initiatives that enhance the quality of ESG practices and disclosure. Principles for Responsible Investment (PRI) We are a signatory of the PRI, the world’s leading proponent of responsible investment, and a member of the PRI Québec Network. The PRI works to understand the investment implications of ESG factors and supports its international network of investors in incorporating these factors into their investment and ownership decisions. 30% Club The 30% Club believes that gender balance on boards encourages better leadership and governance, and ultimately contributes to better board and corporate performance. We have joined with others to support the objective of 30% of board seats and senior management positions to be held by women. Canadian Coalition for Good Governance (CCGG) CCGG allows us to unite our voice with those of other institutional investors to promote good governance practices in Canadian companies, as well as the efficiency and effectiveness of Canadian capital markets. CDP We are a signatory to the CDP and the CDP Water Program. The CDP runs the global disclosure system that enables public companies to measure and manage their environmental impacts. We support their campaigns encouraging companies to disclose their climate-change and water-related risks and opportunities. International Corporate Governance Network (ICGN) ICGN is an investor-led organisation whose mission is to promote effective standards of corporate governance and investor stewardship to advance efficient markets and sustainable economies worldwide. As an ICGN member, we support its Global Governance Principles and Global Stewardship Principles. Pension Investment Association of Canada (PIAC) We are a member of PIAC, the national voice for Canadian private and public pension funds and a forum for sharing knowledge and best practices. As an active participant in PIAC’s Investor Stewardship Committee, we aim to develop, monitor and promote robust standards and best practices for pension investment stewardship in Canada. Sustainable Stock Exchange (SSE) Initiative We have joined the SSE Initiative, a peer-to-peer learning platform for exploring how exchanges, in collaboration with investors, regulators and companies, can enhance corporate transparency and ultimately performance on ESG issues. FINANCE MONTRÉAL We have joined Finance Montréal’s Responsible Investment Work Group to identify strategic projects for the development of responsible investment practices in the financial community. Council of Institutional Investors (CII) CII is a leading voice for effective corporate governance, strong shareowner rights and vibrant, transparent and fair capital markets. CII promotes policies that enhance long-term value for US institutional asset owners and their beneficiaries. We are an active member of CII’s Corporate Governance Advisory Council. Learn more about our processes OUR ESG LENS HOW WE INTEGRATE ESG WITH PRIVATE INVESTMENTS OUR ENGAGEMENT PROCESS WITH PUBLIC COMPANIES THE 8 CENTRAL THEMES OF OUR PROXY VOTING PRINCIPLES OUR ACTIONS IN SUPPORT OF PRI PRINCIPLES SITEMAP PRIVACY ACCESS TO INFORMATION TERMS OF USE COOKIE SETTINGS © 2021 PSP INVESTMENTS Use of cookies We use cookies to personalize content and to analyze our traffic. We also share information about your use of our site with our advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You may manage your cookie preferences by accessing the banner on the left-hand side of your screen. For more information on how we process personal information, please refer to our Privacy Notice. Cookies Settings REJECT ALL ACCEPT ALL