New report: Investors ask for better reporting on mental health at work in Canada’s financial sector

By October 9, 2015Press Release

TORONTO, O.N., October 9, 2015 – Although more than half of Canada’s largest financial sector firms have a published policy that prohibits harassment or bullying at work, investors have little information or assurance that they are adopting a more comprehensive approach to protecting mental health at work, according to a new report on mental health and the financial sector in Canada.

In advance of World Mental Health Day on October 10, the Shareholder Association for Research & Education (SHARE), a responsible investment advisor to Canadian institutional investors, issued the report, “Psychological Health and Safety and the Canadian Financial Sector.”

“Strong management of health and safety in the workplace can have short-term and long-term positive impacts on operational and therefore financial performance,” the report says. “For investors, that means attention to corporate mental health policies and practices can help drive long term shareholder value.”

“Better reporting on the management of psychological health and safety is also a way of opening up the conversation further and reducing the stigma attached to mental health in the workplace,” says one of report’s authors, Kevin Thomas, Director of Shareholder Engagement at SHARE. “We’ve had excellent leadership on mental health issues from a number of Canadian businesses, but the issue is still overlooked in most companies’ public reporting. Investors need to ask how companies manage human capital, and companies need to talk about it.”

Notes for Editors

The full report is available on SHARE’s website at http://share.ca/documents/investor_briefs/Social/2015/Psychological_Health_and_Safety_and_the_Canadian_Financial_Sector_FINAL.pdf.

About SHARE (Shareholder Association for Research & Education)

SHARE (Shareholder Association for Research and Education) is a leader in responsible investment services for Canadian institutional investors. SHARE advises institutional investors with more than $14 billion in assets under management on the development and implementation of responsible investment practices. Created in 2000, SHARE provides proxy voting advice, facilitates shareholder engagement, and delivers education and practical research on emerging responsible investment issues. www.share.ca / @share_ca

 

FOR MORE INFORMATION PLEASE CONTACT

Kevin Thomas, Director of Shareholder Engagement
416-992-5392