Franklin Templeton Endorses Canadian Coalition for Good Governance's Stewardship Principles

Franklin Templeton Endorses Canadian Coalition for Good Governance's Stewardship Principles

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A founding member of @theCCGG, @FTI_Canada endorses the CCGG’s Stewardship Principles that are intended to help institutions investing in Canadian markets be active and effective stewards of their investments #ESG https://bit.ly/3dq6fZg
Tuesday, October 27, 2020 - 10:00am

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"As a founding member of the Canadian Coalition for Good Governance (CCGG), Franklin Templeton’s endorsement of the Stewardship Principles is a reflection of our company’s corporate commitment to integrating environmental, social and corporate governance (ESG) factors into the investment process across our Canadian and global strategies,” said Duane Green, president and CEO, Franklin Templeton Canada and CCGG board member. 

Franklin Templeton's endorsement was included in the following press release published in GlobeNewswire on October 14, 2020.

CCGG Stewardship Principles

Catherine McCall, Executive Director of the Canadian Coalition for Good Governance, is pleased to announce that the following institutional investor members of the Coalition have endorsed the Coalition’s investor Stewardship Principles:

Alberta Investment Management Corporation
BlackRock Asset Management Canada Limited
Burgundy Asset Management Ltd.
Caisse de dépôt et placement du Québec
Canada Post Corporation Pension Plan
CIBC Asset Management Inc.
CAAT Pension Plan
Connor, Clark & Lunn Investment Management Ltd.
Desjardins Global Asset Management
Franklin Templeton Investments Corp.
Healthcare of Ontario Pension Plan
Hillsdale Investment Management Inc.
Jarislowsky Fraser Limited
Northwest & Ethical Investments L.P.
Ontario Teachers’ Pension Plan
OPSEU Pension Trust
Public Sector Pension Investment Board
RBC Global Asset Management Inc.
Sionna Investment Managers Inc.
SLC Management
Summerhill Capital Management
TD Asset Management Inc.
University of Toronto Asset Management
Corporation
Vestcor Inc.
York University Investment Funds

The Stewardship Principles are intended to help institutions investing in Canadian public markets be active and effective stewards of their investments and are directed to both asset owners and asset managers. The goal of stewardship is to enhance the long-term sustainable creation of value, so companies and their investors can prosper and, in the process, benefit the market and society as a whole.

The six principles set out expectations on how to integrate stewardship, including with respect to environmental, social and governance (ESG) issues, into the investment process and reflect the Coalition’s commitment to assisting its members make meaningful stewardship a reality.

Catherine McCall notes, “The endorsement of the Stewardship Principles is testament to the importance placed by the endorsers on meeting the fiduciary obligations to the Canadian beneficiaries and clients on whose behalf they manage assets.”

The Coalition is a not for profit organization representing institutional investors in the Canadian capital markets with the mandate of improving the corporate governance practices of Canadian public issuers, including as they relate to material environmental and social matters. Its 53 members represent approximately $4.5 trillion in assets under management.

For further information, please contact Ana Marshall, CCGG, at amarshall@ccgg.ca

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