CANADA - The Canada Pension Plan (CPP) Investment Board has become the first Canadian member of the Enhanced Analytics Initiative - a band of asset managers and pension funds who aim to encourage investment research that considers the impact of extra-financial issues on long term company performance.
EAI’s total assets now exceed US$920bn.
As a full EAI member, CPPIB has committed to allocate a minimum of 5% of its annual broker commissions to research firms that best analyse the material extra-financial and intangible issues that can affect a company’s or sector’s performance.
“The EAI creates a powerful incentive to spur the creation of new research tools and methodologies designed to help investors evaluate the impact on corporate financial performance in areas that have traditionally not been explored,” said Don Raymond, vice president, public market investments, CPP Investment Board.
“Our membership provides us increased access to data on the material impact of environmental, social and governance factors which will ultimately help us to maximise investment returns and minimise investment risk over the long-term.”
Members of EAI include BT Pension Scheme, Hermes Pensions Management and Universities Superannuation Scheme in the UK, Dutch funds ABP and PGGM, and BNP Paribas Asset Management in France.
In addition, Calvert, which has been in the mutual fund business for 30 years, has joined as an associate member. Associate members do not have their own trading operations, but are actively supportive of the objectives of the consortium.
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