| Overall Rating | Gold |
|---|---|
| Overall Score | 68.02 |
| Liaison | Maxine Dandois-Fafard |
| Submission Date | Nov. 10, 2023 |
Institut National de la Recherche Scientifique (INRS)
PA-9: Committee on Investor Responsibility
| Status | Score | Responsible Party |
|---|---|---|
|
1.00 / 2.00 |
Caroline
Painchaud Finance director Administration |
"---"
indicates that no data was submitted for this field
Does the institution have a formally established and active committee on investor responsibility (CIR) or equivalent body?:
Yes
The charter or mission statement of the CIR or other body which reflects social and environmental concerns or a brief description of how the CIR is tasked to address social and environmental concerns:
A fundamental principle of investment is to aim for long-term capital preservation. Therefore, INRS adopts a conservative investment approach. In the interest of good governance and sustainable development, INRS chooses to entrust fund management mandates to managers who adhere to Environmental, Social, and Governance (ESG) criteria and have a reduced long-term environmental footprint by excluding all fossil fuel companies, while respecting the investment strategy adopted annually by the Board. The Committee must ensure annually that a minimum of 60% of the total funds are invested in primarily Canadian companies, with a minimum of 15% in companies with significant business operations in Quebec.
See https://inrs.ca/actualites/des-placements-ecoresponsables-pour-linrs/.
See https://inrs.ca/actualites/des-placements-ecoresponsables-pour-linrs/.
Does the CIR include academic staff representation?:
Yes
Does the CIR include non-academic staff representation?:
Yes
Does the CIR include student representation?:
No
Members of the CIR, including affiliations and role:
Composition and nomination of the Committee members
The Committee is composed with the seven following members:
a) The director of administration
b) An extern member appointed by the Council who nominates the Governance and Ethics Committee
c) A research centre director or a department director
d) A representative from the financial sector with expertise in the field of investment
e) Three members of the board of directors of the INRS Foundation (appointed by the board of directors of the INRS Foundation)
The Committee is composed with the seven following members:
a) The director of administration
b) An extern member appointed by the Council who nominates the Governance and Ethics Committee
c) A research centre director or a department director
d) A representative from the financial sector with expertise in the field of investment
e) Three members of the board of directors of the INRS Foundation (appointed by the board of directors of the INRS Foundation)
None
Examples of CIR actions during the previous three years:
The committee replaced the two incumbent managers to entrust the investments to managers who are active in terms of ESG investments and green energies.
All fossil fuel companies were excluded from our investments.
All fossil fuel companies were excluded from our investments.
Optional Fields
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
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