Bill C-394 (Historical)
An Act to amend the Pension Benefits Standards Act, 1985 (investment criteria)
This bill was last introduced in the 37th Parliament, 1st Session, which ended in September 2002.
Stéphan Tremblay Bloc
Introduced as a private member’s bill. (These don’t often become law.)
Introduction and First Reading
(This bill did not become law.)
Statements by Members
November 30th, 2001 / 11:10 a.m.
Stéphan Tremblay Lac-Saint-Jean—Saguenay, QC
Mr. Speaker, a few minutes ago, I held a press conference with Ken Georgetti, the president of the Canadian Labour Congress, a group that represents some 2.5 million workers.
Mr. Georgetti was there to support my bill on socially responsible investment, the objective of which is to increase corporate transparency and accountability with respect to the use of the billions of dollars invested through pension funds.
By requiring pension fund administrators to provide an annual report describing social, ethical and environmental considerations made when choosing investments, Bill C-394 will foster a growing interest among workers in how their pension fund savings are being used.
In addition to my bill, it is important to mobilize workers in order to implement socially responsible investing, which could turn out to be a significant tool in influencing globalization.