Montréal, June 21, 2024 – Bâtirente held its annual general meeting today simultaneously in Lévis, Longueuil and online, in front of about 100 group representatives and partners. Chair of the Board Yvan Duceppe and CEO Éric Filion proudly presented the results and achievements for 2023.
They highlighted the new peak in members’ accumulated savings as well as the fulfillment of ambitious climate commitments. “In 2023, for the first time in our history, our members’ total accumulated savings reached $1 billion! This achievement attests to the relevance of Bâtirente to its 28,000 members and the extent to which it has evolved,” noted Éric Filion. Thanks to the commitment and outstanding loyalty of the 320 unions and groups that form the backbone of the corporation, Bâtirente continues its mission to help members achieve a successful retirement.
“Bâtirente has seen steady growth in its groups and members these past few years. An increasing number of unions are recognizing the value of banding together to benefit from Bâtirente’s extensive range of services. Once again, in 2023, Bâtirente proved that this offer is able to meet the needs and challenges that arise,” added Yvan Duceppe.
Climate commitment
As a responsible investment leader, Bâtirente unveiled its ambitious climate commitment in 2020. After three years of efforts and concrete actions, we were proud to announce in autumn 2023 that we had achieved all our plan objectives two years ahead of time. “Bâtirente favours a global responsible investment approach to address climate crisis challenges,” explained Éric Filion. Since 2018, Bâtirente has more than tripled its impact investing, from $75M to $240M. We also reduced greenhouse gas emissions attributable to Bâtirente Funds’ equity portfolios by 57% compared with 2018.
Board elections
During the annual meeting, economist and retired CSN member Normand Brouillet was re-elected as an independent member of the board, where he has served since 2010. One member representing the groups—Robert Gariépy, of the Syndicat des travailleuses et travailleurs de Distribution Multi-Marques Laval (CSN) union—was also elected, for his third term. Among those elected were the CSN-appointed representatives: Serge Monette, Fédération du commerce (FC-CSN) Vice-President, for his first term; and Simon Mathieu Malenfant, Vice-President, Treasury, of the Fédération des employées et employés de services publics (FEESP-CSN) federation. for a second term.
“I wish to underline the commitment of all members of Bâtirente’s board of directors and congratulate the individuals who were elected during this meeting,” concluded Chairman Yvan Duceppe.
About Bâtirente
Bâtirente is a group retirement system created in 1987 at the initiative of the CSN. It allows 28,000 workers, grouped in over 300 labour unions, to benefit from pension plans tailored to their needs by pooling their savings.
A pioneer in responsible investing, Bâtirente believes that actively managing its investee companies’ environmental, social and governance (ESG) risks helps ensure sound capitalization of the pension plan as well as long-term economic and social development, which are both required for sustainable financial performance.
For more information
Katya Vanbeselaere, Communications and Marketing Manager
514-525-5740, ext. 2425
kv@batirente.com