iA Financial Group | Investment portfolio at iAFinancial Group

Status
Withdrawn
AGM date
Previous AGM date
Resolution details
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Corporate purpose
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
It is hereby proposed that the company provide a breakdown of all of its investments, in the “Investments” section of its annual report, allowing for the measurement of the proportion of investments that respect the ESG criteria adopted by the company. 
Supporting statement
In December 2019, the company published its commitment to carbon neutrality.1 We applaud this commitment, but it should also extend to the company’s investment portfolio.
Indeed, in the current context of energy transition and commitments made by many financial actors, including countries, to reach ambitious quantified greenhouse gas
reduction targets (before 2030, or even 2025) with a view to achieving carbon neutrality in 2050, this would appear to be self-evident.
In its 2020 Sustainability Report,2 the company not only writes that it will “make public [its] Responsible Investment Policy” (p.12), but also states, relative to SASB Standard
FN-IN-410a, Incorporation of Environmental, Social, and Governance Factors in Investment Management (p.77), that “details on [its] portfolio are presented in the Investments section of [its] annual report.” However, the aforementioned section of the annual report3 (p.42) simply breaks down the investments by portfolio and provides little or no information on the ESG criteria used.
Of course, the sustainability report (p.51) mentions the ESG criteria used for the IA Clarington Inhance SRI funds and portfolios of the iA Clarington mutual fund subsidiary for which Vancity Investment acts as “sub-advisor.” Nonetheless, it is impossible to determine what proportion of the company’s other investments may meet these ESG criteria in the Investments section of the annual report, or in any other similar breakdown.
It would be relevant to break down the content of this section to allow for this, either on the basis of the ESG criteria already established, or on the basis of a recognized
standard for this purpose.

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