AUM in Action

Canada’s FG-RRRP Integrates Climate with Impact Cubed

A large Canadian pension provider has contracted with Impact Cubed, an ESG data and investment solutions firm, to better manage the climate impact of its investments while optimising returns. Fiducie globale des régimes de retraite à risques partagés (FG-RRRP) is a Quebec-based master trust which manages C$1 billion across a range of pension funds. FG-RRRP will source climate data on its current portfolio and holdings from Impact Cubed, also using the firm’s portfolio optimisation tool to view climate impact alongside risk (tracking error). This will help FG-RRRP to select funds or managers in line with its values and priorities, including positive climate impact, while adhering to its fiduciary duty. “Integrating ESG and climate considerations is no longer a peripheral aspect of investment decision-making. This alliance enables the integration of ESG across the entire pension plan value chain – from initial screening and due diligence to portfolio optimisation, all the way through to client and evolving regulatory reporting,” said Pierre Bergeron, Consultant at PBI Actuarial Consultants, which provides administration and actuarial services to the trust. “The partnership is a testament to the fact that our tools enable investors to optimise for sustainability alongside risk and return to uphold fiduciary standards” said Libby Bernick, CEO at Impact Cubed. “We aim to facilitate FG-RRRP in setting a precedent in climate-focused investing, reflecting the shift in committee member preferences and evolving regulations.”

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