AIMCo marks its 10th year as a signatory to the UN-backed Principles for Responsible Investment (PRI) in 2020. Fittingly, this year’s PRI survey performance was AIMCo’s best yet. In 2020, we received 12 A+ grades and were above our peer benchmark in all categories.

2020 PRI Survey Results

AIMCo Score

All Respondents Median Score

kevin-ri-report

“Investing on behalf of Albertans requires us to seek investment opportunities in well-managed companies around the world. AIMCo believes that sound ESG practices will help firms outperform, particularly over the long term. That’s why responsible investing is critical to enabling our clients to meet their obligations to their beneficiaries.”

Kevin Uebelein, CEO

2020 Metrics

Potential deal value of investment opportunities put through ESG due diligence

Ballot items voted on at shareholder meetings

Company engagements conducted to promote best ESG practices

Investment value of no/low-carbon assets in Infrastructure & Renewable Resources portfolio

Canadian office assets with green building certifications

Asset classes included in carbon footprint calculation

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“AIMCo integrates environmental, social and governance factors into our investment decision-making processes to unlock investment opportunities, mitigate risk and identify drivers of long-term growth. We are committed to progressing in our responsible investing journey to deliver value to our clients.”

Dale MacMaster, CIO

Assessing Climate Change Impacts

Recognizing the far-reaching environmental, social and economic implications of climate change, in 2020 we updated our strategic response to climate change, expanded our carbon footprint analysis and reviewed climate-related scenarios to better understand the investment implications on our clients’ portfolios.

Advancing Diversity

AIMCo is a founding member of the G7 Investor Leadership Network, which is focused on addressing key drivers of sustainable growth, including advancing the representation of diverse groups in the finance industry. We are committed to engage with portfolio companies and to monitor external managers on diversity and inclusion, while continuing to advocate for increasing the representation of women and diverse groups on boards and in executive positions.

Engagement Highlight – Data Privacy

During our engagement with BMO, we learned that the financial services provider believes it is as critical to invest in appropriately training its people as it is to invest in technology. This strategy inspired their Fusion Centre, where various teams, including risk, legal, business lines, communications and technology come together to appropriately assess and respond to simulated cyber attacks.

Investment Highlight – Infrastructure

Porterbrook is a railcar leasing company which owns almost one third of Britain’s rolling stock. Porterbrook recently launched HydroFLEX, the U.K.’s first hydrogen-powered trains, in partnership with the University of Birmingham, proactively delivering on society’s pressing need for transportation solutions to enable the transition to the low-carbon economy.

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“The importance of ESG factors has been brought to the forefront during this pandemic. Countries across the globe are focused on rebuilding their economies post COVID-19, while addressing systemic risks such as climate change and social inequity.”

Alison Schneider, Vice President Responsible Investment