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Desjardins becomes first Canadian financial institution to place new annuities exclusively into ESG-screened investments

Starting 6 September 2022, all new annuities purchased at ICMIF member Desjardins Group (Canada) 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 turn 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, 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.