Starting September 6, 2022, all new annuities purchased at Desjardins will automatically go into investments that meet strict environmental, social and governance (ESG) criteria. This decision makes Desjardins the first financial institution in Canada to convert its entire range of individual savings annuities into responsible annuities.
Whether it is a life annuity, a term certain annuity, an adapted life annuity or an annuity for artists (Quebec), the securities selected will include or exclude issuers based on specific criteria, and investments will be monitored and managed to encourage issuers to improve their ESG practices.
Managers of responsible annuity premiums do not invest in companies that earn a significant portion of their revenue from:
- Extracting or producing oil, natural gas or thermal coal
- Operating infrastructure to transport or store oil and gas
- Refining oil
- Producing coal-based energy
For more information about responsible annuities:
Intermediary Network Sales Support and Expertise