GLC’s Responsible Investing Policy highlights our commitment to taking environmental, social and governance (ESG) factors into consideration in our investment decisions.
This policy enhances the existing disciplined processes we have in place across our investment divisions.
Additionally, as a signatory to the UN PRI Opens a new website in a new window, we’ve formalized our commitment to contribute to the development of a more sustainable global financial system.
Responsible investing policy
Podcast: Susan Spence talks about PSG’s commitment to Responsible Investing
Susan Spence, Vice-President of Portfolio Solutions Group discusses how PSG incorporates consideration to environmental, social and governance Opens in a new window (known as “ESG”) factors on an ongoing basis and in a defined manner as part of PSG’s decision making in managing the asset allocation funds.
Socially Responsible Investing (SRI) portfolios
GLC is proud to offer Social Responsible Investing (SRI) portfolio strategies:
SRI Canadian Equity (GWLIM) Opens a new website in a new window
SRI Bond (Portico) Opens a new website in a new window
SRI Balanced (GLC) Opens a new website in a new window
Environmental, Social, and Governance (ESG) analysis is done to identify both risks and opportunities to enhance long term returns. GLC considers ESG factors within all of investment decisions and portfolio strategies, not just SRI portfolios.
As an additional measure, each SRI portfolio adheres to a screening and exclusionary process selection criteria. Specifically, GLC’s SRI mandates will avoid investing companies that meet any of the following criteria:
1. Negative impact on stakeholders (ESG controversies)
Companies with a record of major ESG controversies or incidents in any of the environmental, social and governance areas will be deemed ineligible:
2. Low rank on ESG risks (Worst-In-Class)
Companies with a low level of preparedness to manage ESG risks, ranking consistently in the bottom of their peer group (typically in the bottom 5%) will be deemed ineligible.
3. Product involvement:
Product Involvement is used to ensure that holdings pass specific exclusionary screening criteria related to a company’s environmental sustainability, social responsibility and corporate governance (ESG) performance, as well as the company’s involvement in certain industries.