As a result of their deliberations committees may make recommendations which they include in their reports for the consideration of the House of Commons or the Government. Recommendations related to this study are listed below.

Recommendation 1

That the Government of Canada study how it could compile and maintain an official list of companies deemed unsuitable for investment.

Recommendation 2

That the Government of Canada, in partnership with provinces, study the establishment of a list of companies in the People’s Republic of China that Canadian public pensions plans are prohibited from investing in due to risks to national security, corruption or gross human rights violations.

Recommendation 3

That the Government of Canada work with the United States and other allies to develop common approaches to human rights implications of public pension plan fund investments, including developing a list of banned investments because of suspected human rights abuses.

Recommendation 4

That the Government of Canada, in accordance with its commitment in Budget 2023, by 2024, propose legislative changes and enhanced enforcement to eliminate forced labour from Canadian supply chains and to reinforce the prohibition on the import of goods produced by forced labour.

Recommendation 5

That the Government of Canada mandate through legislation that federally regulated public pension plans conduct and report enhanced due diligence for all investments in authoritarian states, enforce penalties for non-compliance, and consult with provinces on harmonizing that approach.

Recommendation 6

That the Government of Canada request that pension plan regulators, including the Office of the Superintendent of Financial Institutions and provincial counterparts, consider creating a standardized transparency reporting regime for pension plans and institutional investors for active and passive investments.

Recommendation 7

That the Government of Canada request that pension plan regulators, including the Office of the Superintendent of Financial Institutions, establish a code of ethics to guide the investment practices of federal Crown corporations responsible for investing public pension funds, with due consideration of human rights matters, corruption and national security.