{"id":18195,"date":"2020-04-27T15:00:21","date_gmt":"2020-04-27T19:00:21","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/bci-joins-global-effort-advocating-for-sustainable-capital-markets-145476"},"modified":"2020-04-27T15:00:21","modified_gmt":"2020-04-27T19:00:21","slug":"bci-joins-global-effort-advocating-for-sustainable-capital-markets","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/04\/27\/bci-joins-global-effort-advocating-for-sustainable-capital-markets\/","title":{"rendered":"BCI joins global effort advocating for sustainable capital markets"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"191\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2017\/04\/ESG-investing-web.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"BCI joins global effort advocating for sustainable capital markets\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;April 27, 2020 <\/p>\n<p>The British Columbia Investment Management Corp. is aligning itself with other global pension investors&nbsp;by signing a new joint&nbsp;letter calling for&nbsp;long-term sustainability to become a more prevalent concern for corporations and asset managers.<\/p>\n<p>The letter was co-signed in early March by three institutional investors \u2014 Japan\u2019s Government Pension Investment Fund, the&nbsp;California State Teachers\u2019 Retirement Scheme and the U.K.-based&nbsp;Universities Superannuation Scheme.<\/p>\n<p>Along with the BCI, the letter has also been signed by the ABP, the Environment Agency Pension Fund, the Fonds de R\u00e9serve pour les Retraites, the HESTA Super Fund, Nest Corp. and the RPMI Railpen.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/bci-posts-6-1-return-for-fiscal-year-driven-by-private-assets-133557\">BCI posts 6.1% return for fiscal year, driven by private assets<\/a><\/strong><\/p>\n<p>\u201cWe are committed to those companies and partners that create long-term value for our clients and who integrate environmental, social and governance matters into their decision-making processes,\u201d said Gordon Fyfe, the BCI\u2019s chief executive officer and chief investment officer, in a press release. \u201cThey must have a clearly defined vision for sustainable growth because the [environmental, social and governance] factors that we face today will affect the returns of tomorrow.\u201d<\/p>\n<p>The&nbsp;letter emphasized the need to fold the potential effects of long-term considerations like climate change into investment strategies, as well as how portfolio companies operate.<\/p>\n<p>\u201cIf we were to focus purely on short-term returns, we would be ignoring potentially catastrophic systemic risks to our portfolios,\u201d it said.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/investments\/strategies\/most-pension-funds-barely-scratching-surface-in-considering-sustainable-investment-means-138336\">Most pension funds barely scratching surface on sustainable investment<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/bci-joins-global-effort-advocating-for-sustainable-capital-markets-145476\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;April 27, 2020 The British Columbia Investment Management Corp. is aligning itself with other global pension investors&nbsp;by signing a new joint&nbsp;letter calling for&nbsp;long-term sustainability to become a more prevalent concern for corporations and asset&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18195"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18195"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18195\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}