Spotlight on Investors: British Columbia Investment Management Corporation
13-Jul-2020 12:45:32 PM
The British Columbia Investment Management Corporation ("BCI") provides investment management services to 11 pension plans, government bodies, public trusts and sinking & government operating funds based in British Columbia, Canada. The investment manager had CA$ 153.4 billion of assets under management as at March 31, 2019.
BCI is an organization that believes that the consideration of ESG issues can improve the financial outcomes of its investments. Last week, BCI released its new ESG strategy based on four pillars:
- Integrate – Considering ESG issues in all investment decisions.
- Influence – Using engagements and advocacy to address issues such as Climate Change, Water Management, Data & Privacy, Human Capital Management and Diversity & Inclusion.
- Invest – in ESG-themed strategies.
- Insight – Fostering an ESG culture across investment staff to stay ahead of emerging ESG trends.
Finally, BCI established with APG, AustralianSuper and PGGM the Sustainable Development Investments Asset Owner Platform (SDI AOP), an artificial-intelligence driven platform to enable investors assess companies on their contribution to the UN Sustainable Development Goals (SDGs).