BCI Earns Top Spot on Global List of Most Responsible Asset Allocators

December 14, 2021

As a long-term investor, incorporating environmental, social, and governance (ESG) considerations into our approach is an essential part of who we are and what we do. That is why we are proud to announce BCI is tied for the top spot in the Responsible Asset Allocator Initiative’s (RAAI) 2021 Leaders List of the 30 Most Responsible Asset Allocators.

How we assess and manage ESG investment opportunity and risk is an integral part of our fiduciary responsibility to our clients,” said Gordon J. Fyfe, chief executive officer / chief investment officer at BCI.

This recognition reflects our commitment to continuously improving our ESG practices and highlights BCI’s leadership as a responsible investor.

The RAAI rated 251 global asset allocators representing approximately US$26 trillion in assets, including sovereign wealth funds and government pension funds, on their responsible investing (RI) practices to identify 30 leaders and 22 finalists.

BCI received perfect marks across all 10 categories, including disclosure, integration, implementation, commitment, accountability, standards, and development.

BCI is one of only two Canadian asset allocators and 16 worldwide to achieve a 100 per cent score. BCI has been included on the RAAI Leaders List since its inception in 2016.

We welcome the RAAI recognizing BCI as one of the world’s leading responsible investors,” said Jennifer Coulson, senior managing director, ESG at BCI.

We continue to strengthen our approach to ESG as a source of value creation and risk mitigation, including through the development and implementation of our corporate-wide ESG strategy.

The RAAI index was developed by U.S. independent public policy think tank New America in partnership with the Fletcher School at Tufts University. The 2021 Leaders List represents approximately US$7.9 trillion in assets under management and includes asset allocators from 15 countries in Africa, Asia, Australasia, Europe, and North America.

The RAAI Leaders List provides a window into the future of investing, a world where the planet’s top investors are addressing the world’s greatest challenges,” said Scott Kalb, founder and director of the RAAI at New America.

As a reflection of BCI’s ranking, Susan Golyak, senior manager, ESG in public markets, was invited to participate in a roundtable discussion in early December on the 2021 Index and Leaders List Report co-hosted by the RAAI.

We are also pleased to announce that BCI is one of three finalists in the Sustainable Investing category for the 2021 Canadian Investment Review Pension Leadership Awards. The winners will be announced in February.

Learn more about BCI’s approach to ESG in our 2020 ESG Annual Report and our Climate Action Plan.

For more information, please contact communication@bci.ca