2006:08 THE NEED FOR ETHICAL CANADA PENSION PLAN INVESTMENTS
Whereas:
The Canada Pension Plan Investment Board (CPPIB) has invested Canada Pension Plan (CPP) surplus funds in some companies whose activities run counter to the values held by many Canadians, are contrary to the public interest, and in some cases contribute to conflict and human rights abuses in other countries; and
Whereas, Unlike certain pension plan boards, such as the Quebec Pension Plan Board, the Canada Pension Plan Investment Board has failed to establish an adequate socially responsible/ethical investment policy, claiming that its fiduciary responsibility requires only that its investments make a profit; and
Whereas, There is growing evidence that socially responsible investments can earn better returns relative to investments where social factors are not considered; therefore be it
Resolved:
That the National Council of Women of Canada adopt as policy that the Canada Pension Plan funds be invested according to ethical investment criteria adopted by the Canada Pension Plan Investment Board; and be it further
Resolved:
That the National Council of Women of Canada urge the Government of Canada to amend the Canada Pension Plan Investment Act to require that the Canada Pension Plan Investment Board adopt a socially responsible investment policy that includes ethical investment criteria.