Working to change the investment landscape in order to allocate capital more efficiently

Addenda Capital plays an active role in promoting sustainable financial markets with the ultimate goal of further optimizing long-term investment returns for our clients. We support the integrity and sustainability of financial markets through collaborative investor initiatives and public policy, regulatory and standards submissions.

Consult our article on Promoting Sustainable Financial Markets

Submissions and Statements

DateDetails
January 30, 2020 Letter to U.S. Securities and Exchange Commission Regarding two Proposed Rules Changes

In January, we wrote to the U.S. Securities and Exchange Commission (SEC) regarding two proposed rules changes which would impact our firm and clients. Our submission identifies how the existing processes have strengthened capital markets and improved corporate practices on ESG matters. It also highlights how the proposed changes would negatively impact market participants, particularly shareholders.

December 3, 2019 Letter of support for the Expert Panel on Sustainable Finances recommendations

In December we co-signed a letter to the Prime Minister and the Ministers of Finance, Environment & Climate Change, Natural Resources and Infrastructure & Communities to show support for the Expert Panel on Sustainable Finance’s recommendations. The Co-operators and Addenda Capital led the initiative among Canadian members of the United Nations Environment Programme Finance Initiative. The letter was signed by the CEOs of many large Canadian financial institutions.

October 8, 2019 Investor Statement to Support the United Nations Womens Empowerment Principles

We signed on to the Investor Statement to Support the United Nations Women's Empowerment Principles. The statement asks companies to strengthen commitments and take action towards gender equality.

September 18, 2019 Letter to the SEC Regarding the Shareholder Proposal Process

We signed on to a letter coordinated by the US Sustainable Insurance Forum (SIF) intended for the U.S. Securities and Exchange Commission (SEC) regarding the current shareholder proposal process. The letter explains that the process has strengthened capital markets and improved corporate performance and does not need to be changed.

September 11, 2019 Institutional Shareholder Services Draft Policies

We were among the 200 institutional investors (representing a combined $6.5 trillion in assets-under-management) who announced that they are calling on 47 of the largest U.S. publicly traded corporations to align their climate lobbying with the goals of the Paris Agreement. The statement warns that lobbying activities that are inconsistent with meeting global climate goals can be an investment risk.

Collaborative Investor Initiatives
 

Joining forces with other like-minded investors and stakeholders can significantly enhance our effectiveness in the promotion of sustainable financial markets. We have joined the investor initiatives below, as they allow us to:

  • Leverage our internal resources
  • Lend our credibility and gravitas to the good work of others
  • Share tools and pool resources
  • Gain access to enhanced sustainability related data and insight

Initiatives

Initiative Benefits

Initiatives

INCR Logo
  • Regular communications on US and global climate change and sustainability issues relevant to investors.
  • Access to stakeholder engagement meetings with large publicly traded companies. Opportunities to provide input to the working groups that advance members’ priorities like enhanced sustainability disclosure and improved public policy.
ICGN
  • Regular communications on global corporate governance issues.
  • Access to members in other jurisdictions that could help us better understand local governance issues.
  • Opportunities to provide input to the committees that present members’ views to regulators on corporate governance issues.
Canadian Bond Investors' Association / Association canadienne des investisseurs obligataires
  • Market information and expertise for fixed income investors.
  • A forum for discussion of key issues and ideas relevant to the Canadian fixed income market.
  • Access to educational opportunities on important fixed income issues.
  • Opportunities to provide input on position statements regarding developments in the Canadian fixed income market.
CDP Driving Sustainable Economies
  • Access to all corporate responses to CDP that detail information on the risks and opportunities that companies face and management discussion and analysis on strategies to address climate change, water-related issues, deforestation related issues and emissions-reduction performance.
PRI
  • Access to implementation tools and capacity building offered by the PRI Secretariat including listed equities and fixed income work streams.
  • Annual benchmarking of implementation of sustainable investing activities.
  • Access to webinars and seminars on important ESG issues provided by investment specialists.
PRI
  • Promotes the practice of sustainable investing in Canada.
  • Opportunities to interact with like-minded investors regarding important sustainable impact investing issues.
  • Support for initiatives like the Toronto Responsible Investing Working Group that promote and enhance sustainable investing practices in Canada.

Public Policy, Regulatory and Standards Submissions
 

We also try to improve the methods, structures and regulations that hinder the performance of the entities we invest in. As a result, we actively participate in the development of policies, regulations and standards that support sustainable financial markets and help our clients meet their objectives. Our submissions ultimately help the companies we invest in to strengthen their financial performance over the long term and remain competitive.

Consult our most recent submissions to regulators