Our Climate Action Plan
BCI’s Climate Action Plan and Approach to the TCFD Recommendations (Climate Action Plan) outlines tools and metrics, maps out our strategy for positioning our clients to capitalize on opportunities arising from the transition to a lower carbon economy, while also protecting their portfolios from undue physical and transition risk by reducing their exposure to assets that present great risk, and outlines our reporting practices in alignment with the TCFD.
The Climate Action Plan summarizes four core activities:

By quantifying BCI’s and clients’ specific climate change risks and monitoring changes in expected outcomes.

By employing climate analysis in investment decision-making at the asset, pool, and total client portfolio levels.

By investing in beneficiaries of the transition to a low carbon economy, where it makes financial sense.

By encouraging climate-related disclosure and strategy, with investment companies, industry peers, policymakers, and other stakeholders.
BCI’s 2020 ESG Annual report
This report provides an annual overview of our ESG highlights, updates, and activities.
Updates regarding our commitment to TCFD reporting are included in this report each year, including the weighted average carbon intensity (WACI) measurement of BCI’s public equities portfolio.
BCI’s Proxy Voting Guidelines
With the most recent update to our Proxy Voting Guidelines, released in February 2021, BCI raised our expectations of companies within our public equity program.
- We expect boards to oversee management’s efforts to manage climate change-related risks and will escalate
the targeting of directors for weak responses to these risks. - We will consider supporting more prescriptive shareholder proposals on climate change to publicly
signal our expectation that companies must act immediately.