Human Resources

Socially Responsible Investing

Road to Socially Responsible Investing

The SRI (Socially Responsible Investing) Fund is an investment available to active members of the Western Pension Plans. It was added to Western’s portfolio of investment choices in 2008, and was managed by Mackenzie Financial until May 2012, when Mackenzie served notice that they had terminated the fund that constituted Western’s SRI fund. Aberdeen Asset Management (a company that had provided portfolio advice to Mackenzie for this fund in the past) took over management of the fund.

What is socially responsible investing?

The definition of socially responsible investing has evolved over the years, in part due to the increased public interest on issues such as climate change and the inclusion by major Canadian public pension plans of environmental, social and governance (ESG) factors in their investment analysis. Socially responsible investing is broadly defined as the integration of ESG factors in the selection and management of investments.

It has several components: