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MESSAGE FROM THE CHAIR AND THE CEO<\/h1>\n[et_pb_section fb_built=”1″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.25.1″ _module_preset=”default” text_font=”|700|||||||” text_text_color=”#58595b” text_font_size=”48px” header_font_size=”40px” global_colors_info=”{}”]<\/p>\n
MESSAGE FROM THE CHAIR AND THE CEO<\/h1>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/www.batirente.com\/wp-content\/uploads\/2024\/06\/MOT-DU-PRESIDENT-ET-DG-redimensionner-2.png” title_text=”Message from the Chair and the CEO” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.25.1″ _module_preset=”default” text_font_size=”20px” global_colors_info=”{}”]<\/p>\n
Founded in 1987, our retirement system is a unique Qu\u00e9bec institution, whose creation was made possible thanks to the conviction of its pioneering and forwardlooking builders. B\u00e2tirente was born out of the idea of pooling our savings. In 2023, for the first time in our history, our members\u2019 total accumulated savings reached $1 billion! This achievement attests to the relevance of B\u00e2tirente to its 28,000 members and is proof of the extent to which it has evolved. More than ever, our corporation is proving its relevance to CSN unions that take part in it and the successful retirement it ensures for their members. We can also be proud of its contribution to the labour union movement alongside all its partners and bodies, whether within the federations, labour councils or collective tools.<\/p>\n
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\u201cIn 2023, for the first time in our history, our members\u2019 total accumulated
savings reached $1 billion! This achievement attests to the relevance
of B\u00e2tirente to its 28,000 members and is proof of the extent to which it has evolved.\u201d<\/p>\n
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A strategic plan for moving forward<\/p>\n
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In 2022, B\u00e2tirente\u2019s board of directors approved the 2022\u20132025 strategic plan, which laid out B\u00e2tirente\u2019s ambition to fulfill its mission. The plan is based on three main priorities: placing members at the centre of our actions, highlighting B\u00e2tirente\u2019s value to partners in the CSN ecosystem, and supporting the development of talent and practices. In 2023, we continued making progress toward meeting our objectives. We strengthened financial processes by implementing a new accounting system, invested in cybersecurity and optimized our funds. In terms of our human resources, a new collective agreement was signed in June 2023; we hired more people, particularly for the development team; and we improved our work processes. We applaud the efforts and results of the entire team, who worked diligently to meet the sharp growth in retirement savings needs, skillfully applying their impressive expertise to help our members achieve a successful retirement. We would also be remiss not to mention the extensive collaboration by all our partners\u2014from the CSN, federations and collective tools, to our plan administrator, Desjardins. This collaboration is central to B\u00e2tirente\u2019s success and ensures our ability to continue carrying out B\u00e2tirente\u2019s mission: being the trusted partner of CSN\u2019s unions.<\/p>\n
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Responsible investment leader<\/p>\n
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Faced with the climate emergency and aware of the importance for all to contribute to the solution, B\u00e2tirente made major climate-related commitments in 2020 to be
completed by 2025.<\/p>\n
It therefore gives us great pride to announce that our commitment objectives were fully met in 2023! In that vein, we accomplished the following:<\/p>\n
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\u00a0 reduced greenhouse gas emissions attributable to B\u00e2tirente Funds\u2019 equity portfolios by 50% compared with their 2018 carbon footprint<\/p>\n
\u00a0 tripled our impact investing, from $75M in 2018 to $225M in 2023<\/p>\n
\u00a0 conducted dialogues, through our partner \u00c6quo, Shareholder Engagement Services, with the companies in which we invest. For example, in 2022, 45 objectives were met, 73% of which directly related to our climate commitment.<\/p>\n
\u00a0 contributed to numerous initiatives to help emphasize their collective impact and, among other things, we are a founding member of Climate Engagement Canada (CEC)<\/p>\n
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\u201cFaced with the climate emergency and aware of the importance for all to
contribute to the solution, B\u00e2tirente made major climate-related commitments
in 2020 to be completed by 2025. It therefore gives us great pride to announce
that our commitment objectives were fully met in 2023!\u201d<\/p>\n
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We will continue to forge ahead and take concrete action that ensures we are part of the solution, in the best interest of our members, future generations and the planet. Responsible investment has always been at the heart of B\u00e2tirente\u2019s values and actions, and it\u2019s part of our DNA.<\/p>\n
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Partnership with Fondaction<\/p>\n
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During the opening of the 67th CSN Convention in May 2023, CSN President Caroline Senneville announced that B\u00e2tirente and Fondaction were joining forces to benefit workers across Qu\u00e9bec. During B\u00e2tirente\u2019s annual general meeting of June 2, 2023, \u00c9ric Filion spoke to the fact of these two organizations\u2019 shared values\u2014sustainable development and the desire to take action on social and environmental challenges, but especially the issue of their members\u2019 and shareholders\u2019 financial health\u2014which made them want to pool their expertise. This combining of forces will consolidate B\u00e2tirente\u2019s ability to fulfill its mission: helping its members achieve a successful retirement.<\/p>\n
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Honouring our Builders<\/p>\n
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B\u00e2tirente is a resolutely forward-thinking organization that still remains very proud of its roots. During the 2023 AGM, we paid tribute to Pierre Patry, our Board Chair for 17 years prior to Yvan Duceppe\u2019s arrival. Under Pierre\u2019s chairmanship, B\u00e2tirente assets saw substantial growth, the corporation defined itself as a strong collective tool adapted to its members\u2019 needs, and it became a leader in responsible investment. Well respected within the CSN movement, Mr. Patry was inducted into the Builders\u2019 Honour Roll, joining four other pioneers who, like himself, had helped B\u00e2tirente successfully achieve its mission.<\/p>\n
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Board elections<\/p>\n
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During the 2023 AGM, CSN Treasurer Yvan Duceppe was elected as a CSN-appointed representative, for a second term, as was Alexandre Laviolette, F\u00e9d\u00e9ration du commerce (FC-CSN) President, for his first term. Two members representing the groups were also elected for their first term: Jonathan Paradis Lapointe, Vice-President, Health & Safety of the STT du groupe PJC entrep\u00f4t labour union; and Sylvain Grenier, Treasurer, F\u00e9d\u00e9ration de l\u2019industrie manufacturi\u00e8re (FIM-CSN) federation and representative of the Syndicat des travailleurs de l\u2019industrie manufacturi\u00e8re union.\u00a0<\/p>\n
N\u00e9jia Chehidi, President of the STT de l\u2019H\u00f4tel Reine Elizabeth union, stepped down from the board in 2022 after serving on it for 12 years. We thanked N\u00e9jia for
her dedication to B\u00e2tirente and for her participation on the Member Services Committee. Kevin Gagnon of the STT de Bridgestone union and Vice-President of the FIM-CSN, and Michel Valiquette, Treasurer, FC-CSN, also left the board.<\/p>\n
Finally, we wish to thank all members of the board and external committees for their commitment and contribution to the corporation\u2019s success. The work and dedication of each and every one of them is what has made B\u00e2tirente a strong, efficient and responsible organization benefiting its members.<\/p>\n
Long live the CSN! Long live B\u00e2tirente!<\/p>\n
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MESSAGE FROM THE CHAIR AND THE CEOFounded in 1987, our retirement system is a unique Qu\u00e9bec institution, whose creation was made possible thanks to the conviction of its pioneering and forwardlooking builders. B\u00e2tirente was born out of the idea of pooling our savings. In 2023, for the first time in our history, our members\u2019 total accumulated savings reached $1 billion! This achievement attests to the relevance of B\u00e2tirente to its 28,000 members and is proof of the extent to which it has evolved. More than ever, our corporation is proving its relevance to CSN unions that take part in it and the successful retirement it ensures for their members. We can also be proud of its contribution to the labour union movement alongside all its partners and bodies, whether within the federations, labour councils or collective tools.\u201cIn 2023, for the first time in our history, our members\u2019 total accumulatedsavings reached $1 billion! This achievement attests to the relevanceof B\u00e2tirente to its 28,000 members and is proof of the extent to which it has evolved.\u201dA strategic plan for moving forwardIn 2022, B\u00e2tirente\u2019s board of directors approved the 2022\u20132025 strategic plan, which laid out B\u00e2tirente\u2019s ambition to fulfill its mission. The plan […]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"class_list":["post-14446","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n