While it’s common practice for pension plan sponsors to factor climate risk into investment strategies, there’s more work to be done on factoring climate change into mortality and morbidity assumptions, says Bernard Morency, past chair of the Canadian Institute of Actuaries’ public affairs council and co-chair of its climate change and sustainability steering committee. “As […]
The British Columbia Investment Management Corp. is enhancing its climate change strategy to successfully navigate the global transition towards net-zero emissions. The investment organization’s priorities include that, by 2030, at least 80 per cent of its carbon-intensive investments have set mature net-zero aligned commitments or are the subject of direct or collaborative climate engagement. In a […]
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 […]
Institutional investors must recognize the risks and opportunities presented by climate change and national efforts to mitigate it, says Jaakko Kooroshy, head of sustainable investment research at FTSE Russell. “Climate-related physical and transition risk threats to the global economy are real,” says Kooroshy, who leads a team that recently published a paper on the carbon reduction […]
The Public Sector Pension Investment Board is revealing details about its responsible investment strategy in a new report. PSP Investment’s responsible investment report highlights its efforts to integrate material environmental, social and governance factors into its investment process. It also includes a climate-related financial disclosure based on the recommendations of the task force on climate-related […]
The OPSEU Pension Trust is enhancing its climate change strategy to successfully navigate the global transition toward net-zero emissions. The pension fund’s priorities include updating climate scenarios and examining any implications for its investment approach; launching climate due diligence frameworks for use by investment teams across all asset classes; implementing stewardship plans to advance the transition […]
The climate crisis puts the security of workers’ retirements at stake, said Patrick DeRochie, senior manager at Shift Action for Pension Wealth and Planet Health, during a session at the Canadian Investment Review‘s 2022 Risk Management Conference. Pension plan sponsors’ investment decisions and their ability to achieve adequate returns for their members depends on a […]
With close to two-thirds (62 per cent) of the market committed to investing responsibly, environmental, social and governance investing is no longer a fringe activity, said Sean Cleary, chair of the Institute for Sustainable Finance at Queen University’s Smith School of Business, during the Canadian Investment Review’s 2022 Risk Management Conference. A combination of factors […]
An analysis of submissions made to the U.S. Securities and Exchange Commission reveals a sharp divide between the opinions of institutional investors and corporate executives when it comes to a proposal to standardize corporate climate disclosures. “Comments from different parties did not always fall along corporates versus investors, though some did,” wrote Subodh Mishra, global […]
While one expert says the two approaches work most effectively together, the other highlights the importance of complete divestment. Adam Scott, director at Shift Action for Pension Wealth and Planet Health: The common framing of engagement versus divestment is a false dichotomy. They aren’t mutually exclusive approaches — both are essential tools for pension managers, […]