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.