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The
Canada Pension Plan Investment Board has become the first Canadian
member of the Enhanced Analytics Initiative, an international
group of investors encouraging non-traditional investment
research.
"The Enhanced Analytics Initiative
creates a powerful incentive to spur the creation of new research
tools and methodologies designed to help investors evaluate the
impact on corporate financial performance in areas that have
traditionally not been explored," said Don Raymond, Vice
President, Public Market Investments, CPP Investment Board.
"Our membership provides us increased
access to data on the material impact of environmental, social and
governance factors which will ultimately help us to maximize
investment returns and minimize investment risk over the
long-term. We hope other Canadian investors will join us as
members of the EAI to improve the calibre of research in this
area."
The EAI total
assets under management exceed $1 trillion CAD.
As an EAI member, the CPP Investment Board has committed to
allocate a minimum of five per cent of its annual broker
commissions to those research organizations who best analyze the
material extra-financial factors that can affect the performance
of a company or a sector.
The EAI was established by a group of asset owners and fund
managers committed to promoting better sell-side research on
extra-financial issues. The current members are:
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AGF Asset Management
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BNP Paribas Asset Management
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BT Pension Scheme
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Calvert
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CPP Investment Board
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Deutscher Investment Trust
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Dresdnerbank Investment Management
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Generation Investment Management
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Hermes Pensions Management
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London Pension Fund Authority
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Mistra
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PGGM
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RCM
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SNS Reaal Group
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Stichting Pensioenfonds ABP
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Trade Union Congress (TUC)
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Superannuation Society
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Universities Superannuation Scheme
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"The EAI is becoming difficult to
ignore. The addition of the CPP Investment Board adds significant
weight to our initiative to compile better and more detailed
analysis of extra financial issues within mainstream research. It
is also a further indication that the EAI is responding to the
needs of the international community of asset owners and fund
managers," said David Blood, Chairman of EAI and CEO of
Generation Investment Management.
The CPP fund, which is made up of assets not needed to pay current
CPP benefits, is $92.5 billion as at December 31, 2005.
For more information: visit www.enhanced-analytics.com.
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