Governance

At OPB, our approach to sustainability begins at the top and is a priority for the Board of Directors and management.

The Board actively engages with management to ensure governance policies and practices promote a culture of integrity at OPB. Through adoption of proactive, detective and responsive measures at all levels of the organization, management ensures that OPB’s operational efficiency is enhanced, and a culture of integrity is maintained, making OPB a strong and sustainable organization.

To learn more about our Code of Conduct; Privacy, Security and Data Governance; Data Protection; and Business Continuity, read our 2023-24 Sustainability Report.

For more information about our Board governance, read our Annual Report.

Investment governance

OPB is the administrator of the PSPP, which includes managing the day-to-day operations of the Plan as well as oversight of the investments of the Plan’s assets. The PSPP’s assets are invested by IMCO, in accordance with our Statement of Investment Policies and Procedures (SIP&P) and IMCO policies.

OPB works closely with IMCO to inform and guide its approach to sustainable investing, so our assets are invested in alignment with the long-term financial health of the Plan. IMCO invests in accordance with its relevant policies, while we provide oversight and monitor both ESG integration and overall financial performance.

We believe in the benefits of active ownership. We expect IMCO to not only integrate ESG considerations in the investment process, but also to influence investee companies through engagement and proxy voting to improve corporate practices and to manage investments with potential ESG risks. We also expect IMCO to consider divesting from investments where insufficient action is taken following engagement.

To learn more about key policies that discuss how we address ESG factors in our investments, read our 2023-24 Sustainability Report.

Investment governance

Related resources

2023 Year-in-Review and Annual Report now available online