Fondaction: Lessons from a labour-led Canadian pension fund: Laasya Shekaran, Richard Giles and Genevieve Morin

Laasya Shekaran and Richard Giles welcome Geneviève Morin of Fondaction, to the Podcast to discuss how purpose drives their investment approach.   Imagine taking a challenging point in a country’s history – a time where there was severe recession, bankruptcies and high unemployment levels – and turning it into a new financial idea: a labour-sponsored fund set up by the people, for the people. Well, this is exactly what Fondaction has done. In this episode of the Pensions for Purpose Podcast, we speak to Geneviève Morin, CEO of Fondaction about how their purpose drives their investment strategy. We discuss an investment methodology that supports local economies, protects the planet and engages with civil society. We also cover the failures in the existing financial system – and how we can change it to align positive financial returns with positive social and environmental outcomes.