Climate Action
ABOUT BCI
Supporting the global goal of achieving net-zero emissions by 2050.
We work to understand the impacts of climate change on our portfolio over time while recognizing the role investors play in supporting the direction, speed, and attention paid to solutions.
As an active asset manager, we can ensure the integration of climate-related considerations into our processes and decisions and influence other market participants, creating and preserving value for our clients through the climate transition.
2024-2025 Highlights
See Footnote(s)
1 As of March 31, 2025
2 Mature commitment: company that has a net zero by 2050 commitment, has short and long-term targets in place, and has a credible pathway to achieve targets.
Climate Action Plan
BCI’s plan affirms our continued commitment to supporting the global goal of achieving net-zero emissions by 2050.
Complementing our ESG Strategy, it outlines the actions we are taking to support this goal, aligned with creating and preserving financial value for our clients through the uncertainty of the climate transition.
PRIORITIES
Engage & Advocate
A well-developed shareholder engagement program enables us to actively engage with portfolio companies, advocate for policy change, and participate in global initiatives on climate action reporting and transparency.
Our Focus: By 2030, ensure at least 80 per cent of BCI’s carbon-intensive investments have set mature net-zero aligned commitments, or are the subject of direct or collaborative climate engagement by BCI.
Seek Opportunities
The transition to a low carbon economy offers new investment opportunities and BCI actively invests in key areas we believe will benefit from the energy transition, while supporting long-term investment outcomes for our clients.
Our Focus: Pursue meaningful investments in climate solutions in all asset classes.
Integrate
We believe the most effective way to manage climate change risk is to integrate climate considerations into every investment decision at the asset, pool, and total client portfolio levels.
Our Focus: Climate stress testing integration into investment decisions and monitoring the total portfolio’s climate change stress test outcomes.
Manage Risk
We consider physical and transition climate change risks across asset classes and align with best practices to understand, quantify, and report on these risks.
Our Focus: Continue to track and report the total portfolio carbon footprint with the expectation that it will decrease over time.
A Closer Look
Tackling ESG Risks and Opportunities at the Portfolio Level
Understanding the financial impacts of climate change at all levels of investment decision making.
Pursuing Opportunities in Renewable Power
Our renewables coverage team shares insights on the renewable power sector and our investment in Reden Solar.
BCI’s Journey with Climate Action 100+
Our participation in the largest investor-led engagement initiative on climate change.
Annual Climate Disclosures
The disclosure of ESG risks, strategies, and performance helps institutional investors make the best decisions for their clients.
Along with encouraging companies to follow the IFRS Sustainability Disclosure Standards, BCI has incorporated the Task Force on Climate-related Financial Disclosure recommendations into our own reporting since 2017.