Sustainable investing supports HOOPP’s long-term resilience, which helps us in our mission to deliver on our pension promise.
Sustainable investing leverages insights from environmental, social and governance (ESG) factors seeking to enhance investment performance. ESG factors can take the form of risks or opportunities and can be relevant to an individual investment or the
broader investment strategy throughout the investment life cycle.
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Our Sustainable Investing framework
Sustainable Investing (SI) integrates environmental, social, and governance (ESG) considerations into traditional financial analysis where these factors are material to investment risk and return. We launched our inaugural SI approach in 2020. Since then, the external environment has evolved significantly with heightened geopolitical uncertainty and accelerating climate-related impacts. At the same time, we have advanced our strategic direction through the launch of our 2030 Strategic Plan, including a move toward a Total Portfolio Approach to investing. Together, these developments prompted a refresh of the SI strategy to ensure continued alignment with the Plan’s long-term objectives and an increasingly integrated portfolio framework.
HOOPP’s SI Strategy is delivered through a three-pillar framework that links asset-level analysis with portfolio-level decision-making:
Grounded in our continued belief that sustainability factors can be financially material, the objective of the SI program remains unchanged: to improve the resilience and adaptability of the Plan across market environments.
We integrate ESG factors in our investment strategy and analysis.
When HOOPP evaluates new investment opportunities, our investment teams integrate sustainability factors into their analysis and decision making. This integration helps broaden the investment teams’ view of the risks and opportunities inherent in
each investment. Learn more about our Sustainable Investing Policy.
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We are responsible stewards of our investments.
Once an investment is made, we continue our sustainable investing approach through our stewardship activities, which include proxy voting, active engagements with companies to promote improved management of ESG factors and asset management activities.
Public investments
HOOPP believes that investing in well-governed companies can help achieve the returns required to deliver on our pension promise, while strong, effective governance enhances and protects shareholder value.
HOOPP owns shares in public corporations in Canada and globally, and is entitled to vote on company-specific issues put forth by management and shareholders. Our votes are an important mechanism to influence companies and express our views as a shareholder.
These votes are generally cast by use of a proxy. Voting our proxies in alignment with the principles of good governance aligns with our fiduciary duty to our Plan beneficiaries and is part of how we responsibly steward our investments.
Private investments
Sustainability considerations are embedded into asset management activities for private investments. For example, our real estate team has developed a sustainability program that supports its portfolio management activities.
HOOPP's real estate sustainability program has also received multiple awards, including three 2020 Investment and Pensions Europe (IPE) Real Estate Global Awards in the categories of Portfolio Construction, Direct Strategy and Sustainable Strategy. Learn
more about our real estate portfolio.
Proxy voting
Learn more about how we vote and how we exercise our voting rights in accordance with our proxy voting guidelines.
We support collaborative alliances
We support collaborative alliances to amplify our influence and drive meaningful change. By participating in these external initiatives, HOOPP enhances its ability to contribute to and reinforce its dedication to responsible stewardship.
HOOPP is proud to have partnered with organizations such as the Canadian Coalition for Good Governance (CCGG), the 30% Club Canada Investor Group, Tobacco Free Portfolios and Principles for Responsible Investment (PRI).
HOOPP is a member of the 30% Club Canada Investor Group, which promotes greater gender diversity on company boards and management teams.
In 2021, the percentage of women on the boards of TSX Composite-listed companies surpassed 30% for the first time, achieving the goal of reaching this milestone by 2022. This is a strong first step with much more work to be done.
HOOPP is proud to be a signatory of the Tobacco-Free Finance Pledge. We have partnered with the not-for-profit Tobacco Free Portfolios to make a public commitment to sustainable
finance and global health. In our pledge to tobacco-free investments, we are joined by over 130 leading financial organizations, across 22 countries.
Since 2011, HOOPP has been a signatory to the United Nations-supported Principles for Responsible Investment (PRI). PRI is the world’s leading proponent of responsible investment,
with signatories representing over $100 trillion USD assets under management.
In 2021, HOOPP supported Canada’s successful bid to host the global headquarters for the new International Sustainability Standards Board (ISSB). During COP26 in Glasgow, it was announced that one of two global offices of the ISSB will be
in Montreal. This movement towards a global sustainability standard represents a significant step forward in improving ESG disclosures for investors.
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Climate change
Our changing climate will alter risks and opportunities facing the Plan, both through physical impacts as well as transition impacts. Managing climate-related risks to the investment portfolio is part of the Plan's risk-based approach to investing. Learn
more about HOOPP’s climate change initiatives.
The sustainability landscape is continually changing, as new risks and opportunities emerge. HOOPP is committed to sustainable investing as an integral part of how the Plan invests, and we are excited to continue evolving our approach in a way that delivers ongoing and long-term value to our members.
This document provides a simplified overview of HOOPP's benefits based on the terms of the HOOPP Plan Text at the time of publication. From time to time, HOOPP may amend the HOOPP Plan Text. In cases where the information provided in this document differs from that contained in the HOOPP Plan Text, the HOOPP Plan Text will govern. More details, including the full HOOPP Plan Text and a complete description of the Plan and its benefits, can be found on hoopp.com.
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