When it comes to corporate sustainability, the Green Municipal Fund walks the talk.
For nearly 25 years, we’ve helped municipal governments leverage investments in sustainability projects through funding and capacity building. Guided by our primary purpose, we aim to entrench these bedrock principles of sustainable development in every aspect of our operations and financial stewardship.
Investment policies and beliefs
GMF’s commitment to sustainability begins with its organizational values. That’s why we have established sustainable investment principles to guide our organization's financial decisions, promoting long-term environmental stewardship and social responsibility.
Read our Statement of Investment Beliefs to discover how our values inform our investment strategy.
Read our Sustainable Investment Policy to learn more about guidelines and objectives related to the investment of the Fund’s assets.
United Nations Principles for Responsible Investment
GMF is a global leader in sustainable investing and a signatory to the United Nations Principles for Responsible Investment. This public demonstration of our commitment has seen us integrate environmental, social and corporate governance (ESG) considerations into our investment management processes.
Our governance bodies hold us accountable to our investment values, and the integration of these considerations into our investment management processes as commitment to each ensures GMF delivers on its Purpose.
Scorecard: United Nations Principles for Responsible Investment
Our UNPRI scorecard allows us to benchmark our practices against thousands of other committed asset owners in our peer group. Each year, the report helps us improve and identify further measures we can implement to better meet our sustainability objectives.
The results from 2023 are encouraging, and our scores indicate we are among the global leaders in our approach to sustainable investment:
| Module | FCM’s score | Star score | PRI median |
|---|---|---|---|
| Policy governance and strategy | 63/100 | 3/5 | 60/100 |
| Indirect – listed equity - active | 82/100 | 4/5 | 57/100 |
| Indirect – fixed income - active | 81/100 | 4/5 | 58/100 |
| Indirect – real estate | 91/100 | 5/5 | 61/100 |
| Indirect - infrastructure | 91/100 | 5/5 | 71/100 |
| Confidence building measures | 80/100 | 4/5 | 80/100 |
Contact us for access to the Summary Scorecard, Private Assessment Report, and Private Full Transparency Report.
Evolving our practices
We’re committed to maximizing the impact of the Fund by continuously evolving our praticices to remain best-in-class. In the past fiscal year, we’ve made progress in a few key areas:
- We’ve updated our investment policies to ensure our approach best serves our beliefs and purpose.
- We continue to work with a growing team of investment managers who are aligned with our beliefs and approach.
- We have embraced the opportunity to provide transparency and share our approach to sustainable investment by sharing these details publicly.
Delivered by the Federation of Canadian Municipalities, GMF manages approximately $2.4B in programs funded by the Government of Canada.