Page 21 | RPIA SUSTAINABILITY REPORT 2024
ESG INTEGRATION
OVERVIEW
SUSTAINABILITY
CULTURE & VALUES
The Barometer in Action
The RP Barometer is a proprietary tool built on the SASB Standards that supports RPIA’s ESG integration approach by aggregating relevant ESG Data, identifying material ESG factors, and presenting them in a consistent format. When utilizing the RP Barometer, we generally focus our efforts on issuers wither where there is a current concern or a concerning trend. We may already own the issuer’s debt, or we may be contemplating making an investment.
Barometer Output for Canadian Energy Infrastructure Company
The RP Barometer output on the following page is of a Canadian Energy Infrastructure Company who we engaged with as part of Climate Engagement Canada on page 20 of this report. This example focuses on an issue we were holding in several of our portfolios. The company had removed its Sustainability resources and reports while also being one of the top emitters in the TSX, prompting us to conduct a deep dive into both the credit fundamentals and pertinent ESG risks of the issuer. In this case, the RP Barometer played a crucial role in providing us with essential data since the company’s reports have been taken down. Specifically, we were interested in what the data would reveal about the company’s performance in the context of industry peers.
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