Reconciliation and Responsible Investment Initiative (RRII)

The Reconciliation and Responsible Investment Initiative (RRII) and First Peoples Worldwide (FPW) are excited to announce the launch of a Canadian chapter of the Investors & Indigenous Peoples Working Group (IIPWG). Established in 2006, the IIPWG is a broad coalition of Indigenous and allied investors, financial professionals, and community leaders and members who work to address challenges facing Indigenous Peoples globally, and to mainstream Indigenous Peoples’ rights in responsible investment. Read more: https://lnkd.in/gyceRfkV

Join the IIPWG Canada email list to stay up-to-date on our activities and receive event information: https://lnkd.in/gbcfQc-C IIPWG Canada is an open and inclusive call taking place every other month. Our first meeting is taking place next Wednesday, November 6, 2024, at 1:00 pm ET | 10:00 am PT.

Join the IIPWG Canada email list to stay up-to-date on our activities and receive event information: https://lnkd.in/gbcfQc-C IIPWG Canada is an open and inclusive call taking place every other month. Our first meeting will be held on November 6, 2024, at 1:00 pm ET | 10:00 am PT.

#FlashbackFridays>> At this year Institutional Connect West Forum, Institutional Connect had the opportunity to interview Shannon Rohan, Chief Strategy Officer at SHARE—Shareholder Association for Research and Education. Shannon talked about the Reconciliation & Responsible Investing Initiative (RRII), its objectives and outcome. She also mentioned about how institutional investors can work with indigenous communities on energy transition investment, some best practices that SHARE invested in to promote inclusivity for Indigenous communities, and potential emerging areas of focus for the rest of 2024 and beyond. "The only thing that I would add in the context of the energy transition is that we have to recognize that indigenous rights are being impacted in an ongoing way, not only in Canada but around the world. They are being impacted by extractive industries and other industries whether it is agribusiness or renewable energy." #ICWF24 #institutionalconnect #Indigenous #energytransition #investment #indigenouspartnerships #indigenousprosperity

The RRII is pleased to announce the release of the second edition of our guide for Indigenous investors. Read the full guide here: https://lnkd.in/gnM4fXz5

On National Indigenous Peoples Day, the RRII celebrates Indigenous leadership in responsible investment. Check back next week for the release of the second edition of our report,"Investing for Today, Tomorrow, and Future Generations: A Guide for Indigenous Investors."

Thank you to CPA Ontario for the opportunity to share the work of Reconciliation and Responsible Investment Initiative (RRII) National Aboriginal Trust Officers Association (NATOA) and SHARE—Shareholder Association for Research and Education Sustainability from an Indigenous perspective and how our CPA friends can play a role in Reconciliation

Join SHARE—Shareholder Association for Research and Education and  Financial Reporting & Assurance Standards Canada for a conversation on the role of investors in implementing sustainability disclosure standards in Canada. The Canadian Sustainability Standards Board (CSSB) has released its first proposed Canadian Sustainability Disclosure Standards (CSDS), replicating recommendations put forth by the global baselines of the International Sustainability Standards Board (ISSB). The CSSB has opened consultation on CSDS 1 and 2, looking to hear from investors on proposed modifications and desired requirement changes.

Chi-miigwetch Gina Gambetta, and Responsible Investor for the opportunity to comment on Citibank's release of their report, Respecting the Rights of Indigenous Peoples. "While the high-level disclosure put out by Citibank is appreciated, the report does not provide investors with the information they need to assess the material risks. What specific Indigenous rights risks were identified in the analysis of transactions? How are impacted Indigenous peoples and communities included in the due diligence and decision-making processes? What is the ongoing monitoring, and redress process for identified risks?" Reconciliation and Responsible Investment Initiative (RRII) SHARE—Shareholder Association for Research and Education National Aboriginal Trust Officers Association (NATOA)

I had the pleasure of talking about Indigenous Peoples' free, prior, and informed consent and what this means for investors, at the SHARE—Shareholder Association for Research and Education Investor Summit in Vancouver. Here are some highlights: The meaning of free, prior, and informed consent: ✅ It is an expression of Indigenous Peoples right to self-determination, to determine their futures, and to make decisions about matters affecting them, in accordance with their own procedures. It is a safeguard recognized by international law, aimed to ensure the realization of their rights, including to their cultures and cultural identity, lands, territories and resources. ❌ It is not merely a stakeholder engagement or consultation process, as is the current common industry practice. Common industry standards and policies, such as those of the ICMM, and the Equator Principles, are NOT aligned with free, prior, and informed consent. The implications of free, prior, and informed consent for investors: ✅ The process to exercising free, prior, and informed consent is something to be defined by the Indigenous Peoples in concern. Investors should hear directly from rights-holders to understand if free, prior, and informed consent is respected. ❌ Investors must not rely on company self-disclosure to understand whether their investee companies respect free, prior, and informed consent or not. Rather, when looking at self-disclosure, investors should seek to understand what information the company is not disclosing. Thanks a lot for inviting me to this important event! Joseph Bastien, Tamara Herman, Shannon Rohan! For a list of resources on free, prior and informed consent, see comments below.👇