CCGG Stewardship Principles

CCGG Stewardship Principles

TORONTO, Oct. 14, 2020 (GLOBE NEWSWIRE) — 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:
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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