RPIA SUSTAINABILITY REPORT 2021
OVERVIEW FIRM
RPIA SUSTAINABILITY REPORT 2021
OVERVIEW FIRM
42
43
INVESTMENT MANAGEMENT
INVESTMENT MANAGEMENT
OUR ENGAGEMENT FOCUS IN 2022
Workplace Equality
In 2022, we intend to continue to engage with issuers across various impactful themes. “The Carbon Transition” and “Workplace Equality” themes are a priority, but we are tailoring our interest to the sector of the companies that we are engaging with regularly.
Jurisdiction
Focus
The Carbon Transition
Eurozone & UK
• Monitor latest disclosures for improvement in trend
Canada & US
• Push issuers to include in-depth DE&I information such as Leadership composition (women in leadership roles outside of the C-Suite), Mobility (relative promotions and opportunities to move up the corporate ladder for women), and Pay Equality (women vs. men pay gap disclosure) • Expanding their DE&I metrics beyond gender to include ethnicity, disability, and Indigenous groups
Focus
Sector
All sectors Oil & Gas (E&P, Midstream, Servicing)
• Target setting and execution
• “Just Transition” – how will issuers balance decarbonizing their operations with maintaining jobs and retraining employees • Progress on R&D in carbon capture technology • Launching/increasing SLB issuance tied to decarbonization targets • Concrete plans for coal phase-out (US Issuers) • Monitoring nuclear and renewable adoption • Ability to maintain baseload despite the transition to renewables • Discuss financed emissions as the largest contributor to issuers’ carbon profile – Scope 3 measurement, target setting, and execution
All Jurisdictions
Utilities
Another engagement area we will include in our 2022 conversations is “Indigenous Inclusion.” This social factor has special importance for the Canadian-based issuers we engage with.
Financials, BDCs and Airline Lessors
Indigenous Inclusion
Airlines
• Fleet upgrades key to lower carbon profile • R&D and implementation for alternative fuels
Sector
Focus
All sectors
• Indigenous workforce representation and opportunities
Utilities / Oil & Gas / Renewables
• In-depth workforce metrics – representation, mobility, pay gap • Economic participation • Community engagement and financial support • Programs, products, and financial literacy targeted for Indigenous communities
Financials
Telecommunications
• Access to underserved Indigenous communities
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