Vestcor Releases Inaugural Responsible Investment Report | October 18, 2022
October 18, 2022
Fredericton, NB – Vestcor Inc. (Vestcor) has released its inaugural Responsible Investment Report, outlining the active investment related activities that we have committed to under the direction of our publicly posted set of Responsible Investment Guidelines (the Guidelines).
The intent of this report is to fulfill the core principle of Transparency that is outlined in the Guidelines; it is also formatted in-line with our other noted core principles including Active Ownership and Engagement, and to illustrate the Incorporation of Environmental Social and Governance (ESG) Information into our investment processes. It represents the next step in Vestcor providing best practice risk monitoring tools to assist our clients in developing and meeting their own responsible investment objectives.
The report also highlights two case studies that demonstrate our active investment activities in both sustainable long-term real estate assets and renewable energy infrastructure opportunities, to support the long-term investment objectives of our clients.
Finally, the report provides climate related greenhouse gas emissions disclosure for our consolidated core public securities investment portfolio utilizing the guidelines of the Task Force on Climate-related Financial Disclosures (TCFD). Vestcor looks forward to continuing to utilize TCFD information in our investment decision process as companies work towards meeting their global climate targets, and we plan to update this report on an annual basis.
In short, the Responsible Investment Report speaks to our leadership in and our commitment to providing our clients with investments in stable sustainable long-term assets that continue to meet their investment objectives. View the report at Vestcor.org/responsibleinvestment.
A Partner in Creating and Delivering Sustainable Financial Security.
Vestcor is an independent not-for-profit company located in Fredericton, New Brunswick which provides global investment management services to 10 different public sector client groups representing approximately $21.0 billion in assets under management as at December 31, 2021, and administration services to 11 public sector pension plans and 4 employee benefit plans.
Vestcor’s team of more than 140 service professionals provides innovative, integrated, cost-effective investment management and pension and benefit administration services solutions to public sector entities. Vestcor currently services the requirements of over 106,000 individual plan members and 140 participating employer groups.
Further information about Vestcor including the 2021 Annual Report, is available online at Vestcor.org.
John A. Sinclair, President and Chief Executive Officer, 506-453-2296