The disclosure of ESG risks, strategies, and performance helps institutional investors make the best decisions for their clients. Along with encouraging companies to follow the IFRS Sustainability Disclosure Standards, BCI has incorporated the Task Force on Climate-related Financial Disclosure recommendations into our own reporting since 2017.
DECREASE IN TOTAL PORTFOLIO CARBON FOOTPRINT SINCE 2020
IN CLIMATE-RELATED OPPORTUNITIES1
BCI’S CARBON-INTENSIVE INVESTMENTS WITH MATURE NET-ZERO ALIGNED COMMITMENTS1, 2
Climate Action Plan
BCI’s plan affirms our continued commitment to supporting the global goal of achieving net-zero emissions by 2050. Complementing our ESG Strategy, it outlines the actions we are taking to support this goal, aligned with creating and preserving financial value for our clients through the uncertainty of the climate transition.
A well-developed shareholder engagement program enables us to actively engage with portfolio companies, advocate for policy change, and participate in global initiatives on climate action reporting and transparency.
Our Focus: By 2030, ensure at least 80 per cent of BCI’s carbon-intensive investments have set mature net-zero aligned commitments, or are the subject of direct or collaborative climate engagement by BCI.
The transition to a low carbon economy offers new investment opportunities and BCI actively invests in key areas we believe will benefit from the energy transition, while supporting long-term investment outcomes for our clients.
Our Focus: Pursue meaningful investments in climate solutions in all asset classes.
We believe the most effective way to manage climate change risk is to integrate climate considerations into every investment decision at the asset, pool, and total client portfolio levels.
Our Focus: Climate stress testing integration into investment decisions and monitoring the total portfolio’s climate change stress test outcomes.
We consider physical and transition climate change risks across asset classes and align with best practices to understand, quantify, and report on these risks.
Our Focus: Continue to track and report the total portfolio carbon footprint with the expectation that it will decrease over time.