Finance Minister Chrystia Freeland said the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce. The move comes as a wide range of investors, asset managers and environmental groups have been pushing the government to roll out such guidelines, also known as green […]
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, […]
Sustainable investing is entering a phase where a concrete focus on execution as well as real-world impact and metrics are becoming essential, said Kevin Quinlan, senior director of climate and client strategy at SLC Management, during a session at the Canadian Investment Review’s 2024 Endowment & Foundation Investment Forum in June. “Going beyond just the […]
Institutional investors face several challenges in proving the value of sustainable investments, said Arijit Banik, treasurer at York University, during a session at the Canadian Investment Review’s 2024 Endowment & Foundation Investment Forum in June. It’s difficult to measure the impact of an investment, even the cleanest ones, with the current measurement framework available to […]
The establishment of a green and transition taxonomy by the federal government will help provide the confidence and transparency that investors need to make decisions that are consistent with Canada’s climate objectives and transition pathways, as well as organization-specific climate action plans or net-zero commitments, said the Pension Investment Association of Canada. In an open letter, […]
The Pension Investment Association of Canada supports closely aligning the Canadian Sustainability Standards Board disclosure standards with the International Sustainability Standards Board’s requirements but recommends it only make necessary Canadian-specific modifications to the guidance. In an open letter to the CSSB, the PIAC noted alignment between financial and sustainability reporting supports “a connectivity that is essential […]
Canada’s largest public pension funds are showing modest improvements on climate action but are moving too slowly overall, according to a new report by a climate advocacy group. The progress report from Shift Action for Pension Wealth and Planet Health found four of the 11 pension plans it examined still don’t have emissions reduction targets […]
The adoption of environmental, social and governance measures in executive incentive plans continues to increase across markets, especially in North America, according to a new report by WTW. The report, which reviewed public disclosures from more than 1,100 global companies, found metrics related to human capital remained the most popular across all ESG categories, used […]
A traditional method used to calculate expected returns and risk by institutional investors is limited by the scarce amount of available carbon emissions data, according to a report from BNP Paribas. The report, which used the MSCI world index and the MSCI world Paris-aligned benchmark index as investment universe benchmarks, found that when assessing the […]
Vestcor Inc. reduced the carbon exposure to several of its portfolios throughout 2022, according to its annual responsible investing report. The New Brunswick-based investment organization reported its Canadian, global and emerging markets portfolios all saw declines in carbon exposure by nine per cent, 13 per cent and nine per cent, respectively. The portfolios also retained […]