OPB’s Perspective on Responsible Investing and Environmental, Social & Governance Policies
OPB believes that we have a responsibility to operate and invest in a way that minimizes the negative impact of ESG issues, consistent with fulfilling our pension obligation to our members. With our investment manager, IMCO, we believe incorporating ESG factors is essential to a successful long-term investment strategy. OPB and IMCO have worked together to establish policies that guide our collaborative ESG efforts.
In 2022, IMCO released its inaugural ESG report, Adapting to a Changing World, which outlines the ESG strategy, including the commitment to achieve a net-zero emissions portfolio by 2050 or sooner. This report helps to direct its global investment approach. As an institutional investment manager, IMCO has significant influence to support ESG policies through its various activities. Furthermore, IMCO can use its influence during the ongoing operations of its portfolio companies and assets to improve corporate practices.