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Toronto Investment Board · 2026-09-25 · 2026.IB17.1

environment

Toronto Investment Board decides · Fri, Sep 25

Toronto Investment Board to receive environmental, social and governance reporting on city investment holdings

Citywide

The city council considered an update on environmental, social, and governance reporting. On September 25, 2026, the Toronto Investment Board took no action on the matter.

Also in this item

City Council explicitly requested ESG monitoring of external investment managers, making environmental and social performance measurable in the managers hired to invest city pension and sinking funds

How to act

The journey

Fri, Sep 25 · Toronto Investment Board · scheduled, not yet heard
Why is this story here?
RoutineThe Board is receiving and reviewing a report on existing external service contracts already in place. MSCI was already engaged as the ESG ratings provider; this item discloses the results of that service. No new decision about investment policy, manager hiring, fund allocation, or fund control is being made. The report is information only.Invisible to residentsOnce the report is received, nothing changes in how the city invests, how managers perform, or how any resident experiences city services. The report documents performance of existing holdings; adopting it does not direct any action, change any fund, or alter any investment decision. Residents who hold stakes in city pension or sinking fund outcomes are not directly affected by the Board reviewing data on the same holdings they already have at stake.

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The record as the City filed it

Staff recommended

The Director, Capital Markets and Treasury recommends that: 1. The Toronto Investment Board direct that the confidential information contained in Confidential Attachment 1, Confidential Attachment 2, Confidential Attachment 3, Confidential Attachment 4 and Confidential Attachment 5 remain confidential in its entirety, as it contains information that involves the security of property belonging to the City or one of its agencies or corporations.

Considered

Official title: Environmental, Social, and Governance Reporting Update · the item as the City filed it

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