Plan sponsors are more inclined to practice socially responsible investing(SRI), according to a survey.
Morneau Sobeco’s 60 Second Survey finds that 59% of plan sponsors think it’s possible to practice SRI without compromising a pension fund’s goal of maximizing returns.
When asked which type of social screen was most important, 48% said good corporate governance, 22% chose fair labour practices, 19% selected a good environmental record, and 11% chose the prohibition of sin stocks, such as Molson Coors, Imperial Tobacco and MGM Mirage.
And respondents in Western Canada were more likely to say SRI is a more important goal for a fund than maximizing long-term returns when compared to their counterparts in the rest of the country.
Wealthy conscience, which appeared in the December issue of Benefits Canada, provides more details on SRI. For that article, click here.
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