MONTREAL, Sept. 24, 2011 /CNW Telbec/ - By adopting the UN's Principles
for Responsible Investment during the Annual Meeting of Shareholders,
both Michel Arsenault, Chairman of the Fonds de solidarité FTQ Board
and President of the FTQ, and Yvon Bolduc, President and CEO of Fonds
de Solidarité FTQ, reaffirmed the Fonds' commitment to socially
"The Fonds' adoption of the Principles for Responsible Investment is part of our continuous improvement efforts. In 2009, we committed to
the United Nations Global Compact and in 2010, we published our first
Sustainable Development Report according to the Global Reporting
Initiative guidelines. This latest move confirms and reinforces our
commitment to socially responsible investing," stated Michel Arsenault.
"The principles of socially responsible investing have been part of the
Fonds' approach for a long time. From day one, there have always been
social prerequisites to any financial support from the Fonds. We have
always made it clear that our investments are not based solely on
financial returns but also on the impact companies have in the
community," said Yvon Bolduc.
An initiative of the United Nations Secretary-General, the Principles
for Responsible Investment were developed by the world's largest
institutional investors with the support of the United Nations
Environment Programme Finance Initiative and the UN Global Compact. The
six principles are:
We will incorporate ESG* issues into investment analysis and
We will be active owners and incorporate ESG issues into our ownership
policies and practices.
We will seek appropriate disclosure on ESG issues by the entities in
which we invest.
We will promote acceptance and implementation of the Principles within
the investment industry.
We will work together to enhance our effectiveness in implementing the
We will each report on our activities and progress towards implementing
*ESG: environmental, social and governance.
More information about the PRI is available at www.unpri.org/principles/index.php
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ and its network help drive our economy. With net assets of $8.2 billion as at May 31, 2011, the Fonds is a
development capital investment fund that through its 16 regional funds
and 87 local funds channels the savings of Quebecers into investments
in all sectors of the economy to help create and maintain jobs and
further Québec's economic growth. The Fonds is a partner, either
directly or through its network members, in 2,129 companies. With its
583,235 owner-shareholders, it has helped, on its own or with other
financial partners, to create, maintain and protect 160,789 jobs. For
more information, visit www.fondsftq.com.
SOURCE SOLIDARITY FUND QFL
For further information:
Information : contact information below is for the exclusive use of reporters and other media representatives.
| Source : || Patrick McQuilken |
| || Senior Advisor for Media Relations and Communications |
| || Fonds de solidarité FTQ |
| || Phone: || 514 850-4835 |
| || Mobile: || 514 703-5587 |
| || Email: || email@example.com |
| || Twitter : || @fondsFTQ |