No Canadian pension fund ties its investment policy to Indigenous consent: report
Taylor said he would be “slightly reticent” to commit to any single set of criteria, calling it “a significant restriction” on the fund’s wider investment activities.
OMERS chief legal and sustainability officer Michael Kelly, asked at the fund’s April 2026 meeting about potential Ring of Fire investment, said the fund wants to ensure “that free, prior and informed consent is more than just that exercise, and that it’s real and meaningful.”
Shift pointed to Swedish fund Andra AP-fonden and Scottish Widows as investors that name FPIC in published expectations of investee companies.
AP2’s expectations cover the right to land and to free, prior and informed consent, while Scottish Widows’ stewardship policy asks investee companies to eliminate abuses of human rights, including the absence of FPIC, from their operations and supply chains.
The report recommends that pension funds refuse to back projects that cannot demonstrate the free, prior and informed consent of all impacted Indigenous communities.
