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How it works?
In SocieTerra Funds and Portfolios, our RI process is based on four main strategies.
Based on the nature of activities: Producers and specialized transporters of fossil fuels* and companies in the civilian firearms,** nuclear energy and tobacco industries are off-limits right from the start.
Based on ESG factors: In accordance with the 10 principles of the UN Global Compact, our SocieTerra products will avoid investing in companies involved in major controversies related to human rights, labour, environment and anti-corruption.
ESG evaluation: Companies undergo both a financial analysis and an evaluation of their ESG practices.
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
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.
*The updated Responsible Investment Policy (PDF, 432 KB) New window stipulating the exclusion of certain sectors from SocieTerra products comes into effect on April 1, 2020. Portfolio managers will have until the end of Q2 2020 to seek opportune market conditions to sell the remaining portfolio holdings.
**Automatic and semi-automatic weapons designed for civilians.
Responsible Investment Policy
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.
See Results of the exercise of proxy voting rights Proxy Vote Disclosure - New window
For more information
FOLLOW THE PROGRESS ACHIEVED
To follow the ongoing dialogue with corporations, consult the Desjardins Funds Report on Responsible InvestmentI (PDF, 4.1 MB).
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