While nearly three-quarters (72 per cent) of U.K. employees say it’s important their employer offers a pension plan that’s invested according to environmental, social and governance factors, half (47 per cent) say they don’t know whether their pension is invested in this way, according to a new survey by Scottish Widows. The survey, which polled […]
An advocacy group is calling on Canada’s public pension managers to use their financial heft to more publicly work to reduce climate change as political efforts become less reliable. In a new report, Shift Action for Pension Wealth and Planet Health says Canada’s big pension funds need to recognize the power and influence they wield and to […]
Although news of BlackRock Inc.’s departure from the Glasgow Financial Alliance for Net Zero may call into question the future of the climate action initiative, the road to net zero is still a priority for many financial institutions, says Sebastien Betermier, associate professor of finance at McGill University’s Desautels Faculty of Management. The alliance, which […]
Canada’s public pension funds should rethink the billions of dollars they’ve invested in natural gas infrastructure amid the global push to reduce emissions, says a new report from a climate advocacy group. The report by Shift Action for Pension Wealth and Planet Health says nine of Canada’s largest public pensions have invested in 22 gas-related […]
The urgency surrounding the climate change crisis is pushing institutional investors to focus on stricter measurements in the fight against confusing data that delays meaningful action. But voluntary measurements won’t be enough, as investors have already raised red flags against unreliable climate impact measurements getting in the way of their emissions reduction goals. The start […]
Institutional investors are facing significant barriers to including Scope 3 emissions as part of their disclosure strategy for environmental assets, according to a new report by the United Nations’ Net-Zero Asset Owner Alliance. It found asset owners need to accommodate Scope 3 emission disclosures as part of their overall strategy to create a meaningful climate-centric […]
Brad Lander is advocating for public pension funds to enforce their responsible investment mandates even if that pits them against their partners. As New York City comptroller and chief financial officer, he’s the investment advisor and custodian for the city’s five public pension funds. In the role, he oversees the investment guidelines and allocations strategy […]
By focusing on biodiversity, institutional investors are helping to tackle the climate crisis, says Jane Ambachtsheer, global head of sustainability at BNP Paribas Asset Management. “When we talk about the biodiversity crisis from an economic perspective, we’re talking about a significant portion of global [gross domestic product], which is reliant on nature to some extent,” she […]
The British Columbia Investment Management Corp. is focusing on methane emissions regulation and board diversity among its key environmental, social and governance policy initiatives, according to its inaugural stewardship report. In early 2024, the BCI responded to methane policy consultations by Environment and Climate Change Canada and the U.S. Environmental Protection Agency, said the report, noting […]
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 […]