
Celebrating our collective impact during Pride Month
As Pride Month draws to a close, the CC&L Foundation and employees successfully raised $13,200 for Rainbow Railroad.
In 2016, the firm’s first full year as a signatory to the UN-backed Principles for Responsible Investment (PRI), CC&L Investment Management signed on to a UN PRI collaborative initiative, the Statement on ESG in Credit Ratings and Analysis, encouraging the credit rating agencies to formally integrate ESG factors into their credit ratings. The intent is to help ensure ESG risks are appropriately addressed in issuer creditworthiness assessments, which will increase investor confidence in the quality and utility of those ratings.
In 2017, CC&L Investment Management endorsed CCGG’s proposed amendments to the Canada Business Corporations Act as set out in Bill C-25, namely, adding majority voting for directors, annual individual elections of directors and diversity disclosure.
In 2019, CC&L Investment Management added its name in support of the Investor Statement to Support the UN Women’s Empowerment Principles. This Statement was distributed to a large set of global issuers, starting with the constituents of the MSCI World Index.
In January 2020, CC&L Investment Management signed a letter put forward by the PRI and sent to the SEC voicing concern with proposed rule changes related to proxy voting. The proposed changes would make it meaningfully more difficult for shareholders to put forward shareholder proposals and would hinder the independence and timeliness of proxy advisor recommendations, such as those CC&L Investment Management utilizes from Institutional Shareholder Services (ISS).
In September 2020, CC&L Investment Management signed on to the Responsible Investment Association’s (RIA) Canadian Investor Statement on Diversity & Inclusion. The Statement acknowledges the existence of systemic racism and its impacts on Black and Indigenous communities and People of Colour in Canada and globally and asks Canadian public companies to endeavour to increase transparency, adopt policies and expand and disclose organizational efforts to address barriers to diversity and inclusion.
In June 2021, as members of the CCGG, CC&L Investment Management supported a submission sent to the US Securities & Exchange Commission (SEC) in response to the SEC’s request for public input on climate change disclosure. In the letter, the CCGG advocated for increased disclosure, as well as expressed support for both the Task Force on Climate-related Financial Disclosure (TCFD) as an appropriate framework and the International Financial Reporting Standards Foundation’s (IFRS) initiative to establish an International Sustainability Standards Board (ISSB) as a global standard for sustainability reporting.
In January 2022, CC&L Investment Management supported a CCGG submission to the Canadian Standards Association (CSA) in support of the CSA’s proposed approach to align disclosures with the TCFD’s recommendations and encourage harmonization with the ISSB.
In 2015, CC&L became signatories to the UN PRI. As signatories, CC&L has committed to adhering to the six principles and to transparently report on its ESG activities in accordance with the PRI reporting framework.
In July 2019, CC&L became supporters of the International Corporate Governance Network (ICGN) through their affiliation with member CC&L Financial Group.
CC&L is a supporter of the Responsible Investment Association (RIA) through its affiliation with member CC&L Financial Group.
In June 2021, CC&L endorsed the recommendations of the Task Force on Climate Related Financial Disclosures (TCFD). In doing so, CC&L actively encourages investee companies to incorporate the TCFD recommendations in their future disclosures.
CCL is a founding member of the Canadian Coalition for Good Governance (CCGG).
As Pride Month draws to a close, the CC&L Foundation and employees successfully raised $13,200 for Rainbow Railroad.
The Connor, Clark & Lunn Foundation commits $125,000 to provide support for Ronald McDonald House Charities Alberta, an organization that provides accommodations to families who must travel for medical treatments for their seriously sick or injured child.
The ongoing conflict in Ukraine has displaced over 12 million Ukrainians, with many seeking refuge in neighbouring countries and beyond. The CC&L Foundation has stepped up to provide vital humanitarian aid.
Andrew Zimcik was recently interviewed by Morningstar to discuss the Core Income and Growth’s investment objectives, philosophy and holdings.
The CC&L Foundation has donated to the Daily Bread Food Bank in Toronto for a number of years and has recently furthered support with a multi-year commitment.