26
October

FSI at the 4e Colloque québécois de l’investissement responsable

On October 26, 2017, FSI participated in the 4e Colloque québécois de l’investissement responsable presented by the Quebec chapter of the UN-supported Principles for responsible investment (PRI), Réseau PRI Québec, which was attended by some 400 people.

Highlights of the day included some important announcements and publications:

  • The Declaration of Institutional Investors on Climate-Related Financial Risks. The Declaration calls on publicly traded companies in Canada to commit to enhanced disclosure on their exposure to climate change risks, and the measures they are taking to manage them. FSI is proud to be one of the inaugural supporters of the declaration.
  • The 2016 Portrait of Responsible Investing in Québec (in French) by the Institut de recherche en économie contemporaine du Québec (IRÉC) indicating that 50% of Quebec’s stocks and bonds are now governed under a form of responsible investment strategy.
  • The release of Finance Montréal’s report (in French) on how Montreal is positioned relative to other major financial cities when it comes to responsible investment with an analysis of the strengths and weaknesses of the different locations.

Inaugural signatories and supporters of the Declaration present at the event.

Photo: Michael Abril for Réseau PRI Québec

Panels looked at the recent progress that has been made in responsible investment while subsequent discussions covered cyber-security, approaches to active ownership, such as shareholder voting, engagement and policy dialogue, voting on executive compensation, and how to encourage long-termism in investment decisions.

At lunch, Andrée-Lise Méthot of Cycle Capital Management addressed the audience on the need for investment in support of the energy transition for a low-carbon future and provided examples of game-changing clean technologies, emphasizing the need for fast action with projects that deliver quantifiable advantages.

Photo: Michael Abril for Réseau PRI Québec

A segment of the event was devoted to the FSI-PRI Scholarship for the Best Research on Responsible Investment. The recently announced winner, Maxime Brochu from the University of Sherbrooke, was interviewed by the head of the scholarship jury, Jacques Lussier of Ipsol Capital, on his research paper on evaluating the impact of reputation (defined with ESG factors) on share price performance and on company risk for US listed companies (Vertueux vs. opportuniste, Analyse de l’effet réputation sur la performance des entreprises américaines abridged version.)

To culminate the day, the locally active networks in the responsible investing space were given an opportunity to present their vision and approach and leave the audience with a key recommendation or call to action.

Standing besides CFA Montreal, the UNPRI and the RIA, Milla Craig, FSI Co-Founder and President, confirmed FSI’s position at the intersection of finance, reporting companies and academia and reminded the audience of its on-going initiatives and programming to promote the sustainable finance (Speaking notes – in French only).

Photo: Michael Abril for Réseau PRI Québec

 

About Réseau PRI Québec
Réseau PRI Québec is part of the international Principles for Responsible Investment (PRI) network that unites investors convinced of the importance of integrating environmental, social and governance (ESG) issues into their investment practices.  Launched in February 2013 at a conference in Montreal, Réseau PRI Québec encourages the adoption of responsible investment principles by a growing number of actors in Quebec’s financial community.  It actively encourages the sharing of knowledge, expertise and best practice, notably through public events and ensures a french-speaking space for the PRI network in North America.