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- About Desjardins Funds
How it works?
At Desjardins, RI is based on four main strategies.
2 - ESG evaluation: Companies undergo not only a financial analysis, but are also evaluated for their ESG practices.
3 - Shareholder engagement: As a corporate shareholder, we use several levers to exert influence:
- Dialogue to improve practices
- Shareholder proposals to stimulate change
- Exercising voting rights at company general meetings
4 - Collaboration: With other institutional investors, we join coalitions to advocate for improvements in corporate policies, industry standards and national and international regulations. We also partner with universities to collaborate on many research projects.
For more information
Our RI funds and portfolios include securities of companies involved in the contentious energy and commodities industries, which include operations in the oil sands, shale gas and mining.
We do this for three reasons.
- Relative importance: On their own, the energy and commodities sectors account for roughly 38% of Canada’s stock market capitalization. Excluding them would run counter to the rule on diversification and compromise returns.
- Responsible attitude: We expect companies to efficiently manage risks, correct their errors, if any, and demonstrate constant willingness to improve. Additionally, companies that improve their behaviour can positively influence other businesses operating in the same sector.
- Role as a shareholder: We favour changing from within to lessen or eliminate the harmful effects of certain operations. Excluding companies in these sectors would be the same as refusing to play a role in improving their practices.
The Responsible Investment Policy (PDF, 432 KB) New window provides a framework for the incorporation of responsible investment in our activities and for monitoring and accountability mechanisms.
As manager, Desjardins Investments Inc. exercises the voting rights attached to the securities it owns on proposals submitted at the general meetings of the companies held in the Desjardins Funds portfolios.
Accordingly, it votes on behalf of all Desjardins Funds unitholders.
The Desjardins Funds comply with the provisions of Regulation 81-106 of the Canadian Securities Administrators as regards the policy on proxy voting.
The Desjardins Funds involved
Several Desjardins Funds directly own stocks or units in companies which entitle them to voting rights.
See the List of Desjardins Funds (PDF, 85 KB) New window that hold voting shares.
In 2005, we drew up a Policy on the Exercise of Proxy Voting Rights (PDF, 434 KB) New window which is updated each year.
It sets out our position on routine proposals or proposals submitted by other shareholders at general shareholder meetings: elections of members of the board of directors, executive compensation, etc.
It is natural for you to be interested in how we exercise these voting rights.
Every year, we publish a complete document on voting results.
It includes the names of the companies, the dates of the meetings, the issues submitted and how we voted.