Annual Vestcor Inc. Responsible Investment Report Now Available | November 28, 2024

Fredericton, NB – Vestcor Inc. released our third annual Responsible Investment Report, which highlights how we exercise active ownership of investments and integrate ESG information into our investment decision making process.

This year’s report includes:

• Two new case studies that demonstrate our active investment activities in long-term carbon emission reduction opportunities in both our existing real estate portfolio, and through new energy infrastructure investments;
• An updated climate related greenhouse gas emissions (GHG) disclosure for the majority of our investment portfolio utilizing the guidelines of the Task Force on Climate-related Financial Disclosures (TCFD);
• Expanded coverage of the GHG disclosure including more asset class types in the calculation, which brings the GHG disclosure coverage to 91% of our total assets under management; and
• Disclosure of a further reduction in Financed Emissions Intensity (tonnes of CO2e per CAD $million invested) as at December 31, 2023, over the comparable 2022 metric.

We look forward to continuing annual disclosures of our progress in responsible investment related activities. While guidelines and standards on carbon footprint reporting continue to evolve, Vestcor is committed to adhering to the best practices and guidelines available to us.

ABOUT VESTCOR INC.

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 11 different public sector client groups representing nearly $21 billion in assets under management as of December 31, 2023, and administration services to 11 public sector pension plans and 4 employee benefit plans.

Vestcor’s team of more than 150 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 approximately 111,000 pension plan members, 42,000 employee benefits members and 150 participating employer groups. Further information about Vestcor is available at vestcor.org.