board governance – Benefits Canada.com

New report highlights BCI’s 2022 ESG achievements

Gideon Scanlon — Thu, 27 Apr 2023 16:30:20 +0000

The British Columbia Investment Management Corp. is leveraging its size and influence to drive environmental, social and governance improvements across its portfolio, according to the investment organization’s 2022 ESG annual report. “We believe, as do our clients, that ESG matters, makes a difference and translates to meaningful distinctions in a company’s ability to generate long-term […]

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NYC pensions leading motion to review Starbucks’ labour practices

Gideon Scanlon — Tue, 04 Apr 2023 16:30:59 +0000

A consortium of five New York City defined benefit pension plans has led a successful campaign to launch an external review of labour practices at Starbucks Corp. NYC Retirement Systems, which includes the NYC Board of Education Retirement System, the NYC Fire Pension Fund, the NYC Fire Pension, the NYC Police Pension Fund and the […]

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PSP Investments focusing on climate change in updated proxy voting guidelines

Gideon Scanlon — Mon, 27 Mar 2023 13:00:42 +0000

The Public Sector Pension Investment Board is updating its proxy voting guidelines to communicate its views on sound corporate governance practices and climate change. According to the guidelines, boards of directors at the companies in which PSP Investments invests, are expected to ensure climate risks and opportunities are integrated into their strategy and operations. They […]

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Pension plans among shareholders suing Shell board over climate strategy

Gideon Scanlon — Tue, 14 Feb 2023 16:30:59 +0000

Several European pension plans are backing a lawsuit against Shell Corp. alleging its board is mismanaging climate risk and breaching company law. The lawsuit, launched by U.K.-based climate advocacy organization ClimateEarth, alleges Shell’s board of directors is failing to manage the material and foreseeable risks posed to the company by climate change. It also accuses […]

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2022 IIC coverage: The role of innovation in high-yield corporate bonds

Gideon Scanlon — Mon, 16 Jan 2023 12:51:29 +0000

“There’s been some tremendous innovation in fixed income markets, especially in the last decade. Technology has made transparency and liquidity blossom in areas that have traditionally been very illiquid, such as high-yield,” said Paul Benson, head of efficient beta at Insight Investment, during a session at the Canadian Investment Review’s 2022 Investment Innovation Conference. “Today, […]

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Canadian responsible investments holding steady at $3 trillion AUM: survey

lbailey — Wed, 23 Nov 2022 14:00:46 +0000

Canadian investment managers had $3 trillion in assets using responsible investment strategies as of Dec. 31, 2021, down slightly from the $3.2 trillion reported in 2019, according to a survey by the Responsible Investment Association. The survey, which polled 77 asset managers and 13 asset owners, found more than nine in 10 (94 per cent) respondents are […]

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New Brunswick PSPP announces 5.24% COLA, 0.32% below CPI

Gideon Scanlon — Thu, 08 Sep 2022 17:00:38 +0000

Members of the New Brunswick Public Service Pension Plan are receiving a cost-of-living adjustment that doesn’t cover increases in the cost of living in Canada. According to a press release, the $6.6 billion hybrid pension plan’s board of trustees voted to award its 40,000 members with a 5.24 per cent COLA, set to begin on […]

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Nova Scotia’s PSSP returns 5.56% for fiscal year

Gideon Scanlon — Thu, 30 Jun 2022 16:00:26 +0000

The Nova Scotia Public Service Superannuation Plan generated net returns of 5.56 per cent during its latest fiscal year, which ended on March 31, 2022. According to its annual report, the PSSP, a defined benefit pension plan for 41,000 current and former public sector employees in Nova Scotia, saw the value of its assets rise […]

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How SEIU Healthcare is making retirement planning accessible for members

Gideon Scanlon — Fri, 24 Jun 2022 12:54:07 +0000

A quarter of single seniors live below the poverty line in Canada and the problem is getting worse, with employer-sponsored pension plans not accessible to 40 per cent of low-income employees. It’s especially severe among personal support workers, 80 per cent of whom don’t have a workplace pension. The situation is beyond unconscionable, says Tyler […]

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Canada’s largest pension plans maintaining strong ties to fossil fuel sector: report

Gideon Scanlon — Thu, 05 May 2022 17:00:12 +0000

Directors, trustees and investment managers at Canada’s largest public pension funds are deeply involved in the fossil fuel sector, according to a new report by Shift Action for Pension Wealth and Planet Health. It found 56 staff members from the largest public sector pension plans hold 76 different corporate director roles at 39 different fossil […]

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