November 16, 2022
Truth and Reconciliation Commission of Canada
In 2007, the Indian Residential Schools Settlement Agreement became the largest class-action settlement in Canadian history.
One of the elements of the agreement was the establishment of the Truth and Reconciliation Commission (TRC) of Canada to facilitate reconciliation among residential school survivors, their families, their communities and all Canadians. Between 2007 and 2015 the TRC conducted research and laid the framework for a national reconciliation strategy in Canada. In 2015, they launched their multi-volume final report, including 94 “calls to action” to further reconciliation from coast to coast.
Our approach is grounded in the Truth and Reconciliation Commission’s Principles of Reconciliation, and centres the Calls to Action.
Business and Reconciliation
Call to Action 92
The RRII’s approach centres the Truth and Reconciliation Commission’s Principles of Reconciliation, particularly Call to Action 92, which states:
We call upon the corporate sector in Canada to adopt the United Nations Declaration on the Rights of Indigenous Peoples as a reconciliation framework and to apply its principles, norms, and standards to corporate policy and core operational activities involving Indigenous peoples and their lands and resources.
How can investors progress reconciliation?
The health of the global economy is dependent on a thriving natural environment and co-operative and resilient communities. However, these foundations are often overlooked and undervalued, as financial institutions and companies prioritize growth without sustainability.
As stewards of financial capital, investors can either contribute to this problem, or help turn it around. The RRII works with both Indigenous and allied investors to unlock the transformative power of the financial sector.
As a result of our investor collaborations, Canadian companies have adopted Indigenous rights policies, made public commitments to respecting the UN Declaration on the Rights of Indigenous People and the principle of Free, Prior and Informed Consent, and have set targets for the employment and advancement of Indigenous employees and businesses.
Through shareholder engagement, education and research, the RRII supports investors in advocating for reconciliation, sustainability and human rights.
Advancing Reconciliation in Canada
Our guide for investors helps investment organizations across Canada think about the role they can play to advance reconciliation.
By providing tangible steps and case studies, our Advancing Reconciliation in Canada guide imparts readers with inspiration about the opportunities that exist to not only talk about reconciliation, but to practice reconciliation.