Accelerate financial independence of engineering professionals in Quebec.
The purpose of this Policy is to define a clear, flexible framework enabling FERIQUE Fund Management to incorporate responsible investment considerations into its fund management, taking into account the asset classes in which it invests.
With this Policy, FERIQUE Fund Management intends to make a credible, effective contribution to improving the social balance sheets of businesses, with achievement of the target returns and risk limits of the FERIQUE Funds being its first objective.
FERIQUE Fund Management's approach to responsible investment is based on the following components: exercise of voting rights, shareholder engagement and inclusion of ESG criteria in investment analysis and decision making.
Our Policy is based on three general principles:
This Policy therefore enables FERIQUE Fund Management to reconcile two fundamental objectives: to actively encourage businesses to adopt more responsible behaviour and to protect the assets of its clients over the long term. Click here to view the Proxy Voting Policy (available in French only).
Shareholder engagement is based on a responsible investment strategy whose objective is to actively influence portfolio companies so that they improve their ESG practices.
It involves several types of initiatives, the main ones being:
Such initiatives can be carried out individually or in cooperation with other stakeholders.
In order to effectively manage its engagement efforts, FERIQUE Fund Management has adopted a shareholder engagement procedure which defines the objectives by considering the materiality, the horizon, the efforts to deploy, the chances of success and the risks.
3. INCLUSION OF ESG CRITERIA IN INVESTMENT ANALYSIS AND DECISION MAKING.
In a collaborative manner, FERIQUE Fund Management supports the inclusion of ESG criteria into its managers’ traditional financial analysis process. FERIQUE Fund Management believes that this practice enables managers to develop a fuller picture of a business and to consider a more complete range of investment risks as well as all the opportunities associated with such criteria.
Consequently, Gestion FÉRIQUE promotes the hiring of managers who fully integrate ESG factors into their investment strategy. In order to formalize the responsible investment approach of its managers, Gestion FÉRIQUE requests that a description of their philosophy regarding the integration of ESG criteria be included in their respective investment policies.
Gestion FÉRIQUE also assesses the risks related to ESG issues of managers' investment strategies using ESG classifications or any other measures related to extrafinancial risks and discusses these risks with managers on a regular basis.
In line with the selected approach, namely to influence businesses in which funds are invested, FERIQUE Fund Management does not impose an exclusion filter on its managers.
Gestion FÉRIQUE considers that the establishment of funds with specific sustainable development objectives (sustainable theme) allows going even further in terms of positive impacts on society, without compromising performance. Thus, it has added to its products line and will continue to develop its thematic offering when this approach is deemed appropriate.
Gestion FÉRIQUE is committed to apply to its own operational activities the best practices it promotes within the companies in which it invests, particulary in the fight against climate change.
This Policy applies to all the FERIQUE Funds. Even so, the practices and methods used for inclusion of ESG criteria may vary from one asset class to another depending on the manager, the nature of the investment, the type of instrument and the portfolio’s investment strategy.
The following responsible investment practices are reviewed on a regular basis at the intervals specified:
Gestion FÉRIQUE recognizes the importance of the reporting and the transparent communication of its responsible investment activities:
1. INVESTMENT MONITORING COMMITTEE
The role of FERIQUE Fund Management's Investment Monitoring Committee is to examine and approve the Responsible Investment Policy, as prepared and recommended by management. It shall also report to the Board of Directors on an annual basis on responsible investment activities.
The Committee shall also review specific matters, such as:
Moreover, its role is to ensure that all the mechanisms required for implementation of the Responsible Investment Policy have been put in place and are effective. Among other things, it shall ensure that:
2. VICE PRESIDENCY - INVESTMENTS
The Vice Presidency shall define the broad outlines of this Policy as well as the policy setting out the principles governing the exercise of proxy voting rights and shareholder engagement's procedure. It shall also ensure that the policies, procedures and strategies are applied. This work is, among others, supported by the expertise of organizations specializing in the various aspects of responsible investment.
Within this framework, it shall take FERIQUE Fund Management's mission into account when the Policy is revised.
Download the Responsible Investment Policy (pdf)