1. Action on climate change : UNITED CHURCH OF CANADA
SHARE Conference
November 17, 2016

2. Measuring carbon footprint
Montreal Carbon Pledge signatory
Institutional Investor initiative begun in Sept 2014
Underlying carbon emission intensity of portfolio compared to the overall market (TSX300, S&P500, etc.)
Symbolic

3. PORTFOLIO CONSTRUCTION
Exclude largest 200 fossil fuel exploration & production companies
Dedicated portfolio allocation to clean energy mandate and a water infrastructure mandate since 2009
Specialist portfolio manager for these mandates
Portfolios include global companies seeking to address climate issues

4. ENGAGEMENT Engagement with companies on climate issues with SHARE
Collective engagement with companies with Church Investors Group and other institutional investors
Shareholder proposals, proxy voting, letter writing, etc.
Engagement with Canadian federal and provincial governments on carbon and climate change policy
Regulation, carbon pricing, corporate disclosure
Written correspondence and in-person meetings

5. INSTITUTIONAL INVESTOR ACTIVITY
Very active participation with Canadian institutional investors in meetings & forums. Estimate 12 FTE days p.a. of volunteer member time.
Signatories and supporters of various NGOs, such as the UN Principles for Responsible Investing, RIA of Canada, Carbon Disclosure Project, etc.
Participate in Toronto RI Climate Change Working Group
Enhance and broaden investor education on climate issues
Encourage integration of climate issues in security analysis and valuation
Encourage enhanced corporate disclosure (Financial Stability Board, OSC)
Influence regulatory policy on climate matters and carbon pricing