Vestcor’s Second Annual Responsible Investment Report Available | November 7 2023
November 7, 2023
Fredericton, NB – Vestcor Inc. (Vestcor) has released its second annual Responsible Investment Report, outlining the active investment related activities that were conducted during 2022 under the direction of our publicly posted set of Responsible Investment Guidelines (the Guidelines). The Guidelines outline our commitment and leadership in providing our clients with investments in sustainable long-term assets that continue to meet their investment objectives.
The intent of this report is to continue to fulfill the core principle of Transparency that is outlined in the Guidelines; it also continues to be 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.
Vestcor’s investment and risk management teams consider responsible investment issues when conducting their initial investment due diligence and through their ongoing monitoring activities. This report highlights how we integrate ESG information into our investment decision making process and includes two new case studies that demonstrate our active investment activities in long-term carbon emission reduction opportunities in our existing real estate portfolio and through new energy infrastructure investments.
Finally, the report provides 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). This disclosure has been significantly expanded by including more asset class types in this year’s calculation and we are very pleased to report a material reduction in GHG emissions over the comparable 2021 metrics that were part of last year’s report.
Vestcor looks forward to continuing to annually disclose TCFD aligned information as companies work towards meeting their global climate targets.
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 $20 billion in assets under management as of December 31, 2022, 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 over 111,000 individual plan members and 140 participating employer groups.
President and Chief Executive Officer
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