carbon footprint – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 20:48:06 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN https://www.benefitscanada.com/canadian-investment-review/research-markets/upp-generates-net-return-of-10-2-in-2023-net-assets-increase-to-11-7bn/ Wed, 12 Jun 2024 19:00:44 +0000 https://www.benefitscanada.com/?p=156813 The University Pension Plan generated a net return of 10.2 per cent in 2023, up from a 9.1 per cent loss in 2022, according to its latest annual report. As of Dec. 31, 2023, the investment organization’s net assets increased to $11.7 billion, up from $10.8 billion in 2022. It also reported a funded status […]

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]]> How climate change is impacting benefits, employee health https://www.benefitscanada.com/archives_/benefits-canada-archive/how-climate-change-is-impacting-benefits-employee-health/ Fri, 12 Apr 2024 12:54:02 +0000 https://www.benefitscanada.com/?p=154121 During Canada’s unprecedented 2023 wildfire season, 6,500 individual fires burned more than 18.4 million hectares of land — and wildland firefighters bore the brunt of it all. “The working conditions are extremely dangerous and they’re getting more dangerous as fires become larger and more intense, and, in many cases, are going through communities,” says Bert […]

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]]> Pension funds improving modestly on climate but more work to be done: report https://www.benefitscanada.com/canadian-investment-review/research-markets/pension-funds-improving-modestly-on-climate-but-more-work-to-be-done-report/ Wed, 28 Feb 2024 20:00:49 +0000 https://www.benefitscanada.com/?p=152436 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 […]

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]]> AIMCo creates $1 billion fund for energy transition, Caisse backs aircraft financing platform https://www.benefitscanada.com/canadian-investment-review/alts/caisse-backs-aircraft-financing-platform-ontario-teachers-acquires-french-logistics-assets/ Thu, 01 Feb 2024 16:00:33 +0000 https://www.benefitscanada.com/?p=151301 The Alberta Investment Management Corp. is setting up a new $1 billion fund to invest in energy transition and decarbonization efforts, according to a report by the Globe and Mail. The new fund will specifically target industrial decarbonization, carbon capture, sustainable fuels, renewable energy production, electrification and energy storage and efficiency. However, the launch of the fund […]

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]]> Prioritization of energy stocks over decarbonization goals a barrier to ESG investment metrics: survey https://www.benefitscanada.com/canadian-investment-review/cir-news/prioritization-of-energy-stocks-over-decarbonization-goals-a-barrier-to-esg-investment-metrics-survey/ Tue, 02 Jan 2024 14:00:18 +0000 https://www.benefitscanada.com/?p=149483 Nearly two-thirds (63 per cent) of institutional investors believe the emphasis of energy stocks over decarbonization goals is the biggest detractor of the progress surrounding environmental, social and governance investment metrics, according to a survey from Amundi Asset Management. The survey, which polled 158 institutional investors that collectively manage €1.91 trillion in assets, found respondents […]

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]]> Survey finds 75% of global asset managers have an ESG policy https://www.benefitscanada.com/canadian-investment-review/strategies/survey-finds-75-of-global-asset-managers-have-an-esg-policy/ Mon, 13 Nov 2023 20:00:25 +0000 https://www.benefitscanada.com/?p=146934 Environmental, social and governance considerations have gained traction in recent years with nearly 75 per cent of global asset managers saying they have an ESG policy and an equal percentage incorporating ESG considerations across their investment platforms, according to a new survey by investment consulting firm Callan. The inaugural study, which polled more than 1,200 […]

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]]> Report finds more U.S. companies linking executive pay to ESG performance https://www.benefitscanada.com/news/bencan/report-finds-more-u-s-companies-linking-executive-pay-to-esg-performance/ Fri, 04 Nov 2022 19:00:52 +0000 https://www.benefitscanada.com/?p=129395 Large U.S. companies are increasingly linking executive compensation to some form of environmental, social and governance performance, growing from 66 per cent in 2020 to 73 per cent in 2021, according to a new report by the Conference Board, Semler Brossy Consulting Group and ESG data analytics firm ESGAUGE. Between 2020 and 2021, the amount […]

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]]> Inflation causing ‘great distortions’ in popular carbon footprint measurement, warns expert https://www.benefitscanada.com/canadian-investment-review/strategies/inflation-causing-great-distortions-in-popular-carbon-footprint-measurement-expert-warns/ Tue, 25 Oct 2022 16:00:40 +0000 https://www.benefitscanada.com/?p=128854 A popular method for tracking a business’ carbon footprint over time creates the illusion of increased efficiency during periods of high inflation, warns Sudhir Roc-Sennett, head of environmental, social and governance at Vontobel Asset Management Inc. “The most consistent way [of analyzing an organizations’ carbon footprint] is looking at tons-per-sales units, usually the tons of […]

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]]> PSP Investments analyzing environmental impact of natural resources portfolio https://www.benefitscanada.com/canadian-investment-review/strategies/psp-investments-analyzing-environmental-impact-of-natural-resources-portfolio/ Tue, 12 Jul 2022 14:00:35 +0000 https://www.benefitscanada.com/?p=124123 The Public Sector Pension Investment Board is engaging WSP Global Inc. to develop a consistent methodology for analyzing the environmental impact of its natural resources assets. The consultancy firm will conduct a detailed climate analysis of the portfolio, which includes more than three million hectares of land across more than 400 properties based in six countries. […]

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]]> PSP Investments to support transition to global net-zero emissions by 2050 https://www.benefitscanada.com/canadian-investment-review/strategies/psp-investments-committing-to-net-zero-emissions-by-2050/ Tue, 26 Apr 2022 13:00:14 +0000 https://www.benefitscanada.com/?p=120103 The Public Sector Pension Investment Board is committing to using its capital and influence to support a transition to net-zero emissions by 2050, according to its inaugural climate strategy report. The strategy also includes commitments to curbing the intensity of its portfolio’s greenhouse gas emissions by at least 20 per cent, increase its investments in green assets […]

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