An article on Citigroup Inc.’s new parental and caregiver leave programs for U.S. employees was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Citigroup enhancing parental leave, introducing caregiver leave for U.S., Puerto Rico employees 2. Caisse invests $35M in energy […]
The Caisse de dépôt et placement du Québec is investing $35 million in a new energy transition fund from Quebec-based equity firm MacKinnon Bennett & Co. The investment is part of a larger $145 million commitment alongside the Canada Growth Fund, Investissement Québec and BDC Capital. The fund will target growth-stage businesses commercializing emission reduction […]
Four of Canada’s largest pension funds have been ranked among the top 10 global pension funds for demonstrating best practices in governance, sustainability and resilience, according to a new report by data platform Global SWF. The assessment tool, which reviews the practices and efforts of state-owned sovereign wealth funds and public pension funds, gave the […]
The Canada Pension Plan Investment Board is investing approximately $1.2 billion in energy infrastructure firm Tallgrass Energy. The Denver-based company manages more than 10,000 miles of pipeline assets across 14 U.S. states and is also engaged in initiatives aligned with energy transition efforts. Read: Caisse invests $200 million in Quebec-based apparel firm, CPPIB buys energy […]
The Caisse de dépôt et placement du Québec returned 4.2 per cent in the first half of 2024, underperforming its benchmark of 4.6 per cent. As at June 30, 2024, the Caisse’s net assets totalled $452 billion. Its average annualized returns over five and 10 years were six per cent and 7.1 per cent, respectively. […]
The Caisse de dépôt et placement du Québec and the Ontario Municipal Employees’ Retirement System are investing US$400 million in emerging market energy transition debt. The new investment commitment, which also includes Ninety One Ltd., the U.K.’s Legal and General Investment Management and the Wiltshire Pension Fund, will focus energy transition efforts across emerging markets, […]
After several years of development, two long-awaited national health-care initiatives are finally taking shape, raising questions about their impact to employer-sponsored benefits plans. In May, the Canadian Dental Care Plan was officially rolled out, providing dental coverage to Canadians who don’t have access to private dental insurance and whose annual net family income is less […]
Institutional investors are disclosing the environmental impact of their assets through increasingly sophisticated sustainability reports that use the latest disclosure metrics. While some of Canada’s largest pension funds are at the forefront of how to leverage responsible investment mandates and attempt to enact change through leadership in global organizations, the shortcomings of data reporting standards […]
The Caisse de dépôt et placement du Quebec is investing $600 million in Quebec-based asset management firm Fiera Capital. The transaction is part of the investment organization’s commitment to allocate $100 billion in investments of Quebec companies by 2026, according to a press release, which noted the funds will help support Fiera Capital’s international expansion […]
The Alberta Investment Management Corp. is backing an acquisition deal that will see Singapore-based Cyan Renewables buy Australian offshore marine services provider MMA Offshore Ltd. in a deal worth U.S.$714 million. According to a press release, the AIMCo participated in the acquisition through its investment in Cyan. MMA shareholders stand to obtain a 31 per […]