climate change – Benefits Canada.com

Institutional investors helping tackle climate crisis by focusing on biodiversity: expert

lbailey — Tue, 05 Nov 2024 14:00:21 +0000

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 […]

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BCI targeting methane emissions, board diversity: stewardship report

bmcgovern — Tue, 15 Oct 2024 13:00:17 +0000

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 […]

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Feds moving ahead with sustainable investing guidelines, but details still scarce

bmcgovern — Fri, 11 Oct 2024 19:00:17 +0000

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 […]

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UN’s Net-Zero Asset Owner Alliance reflecting on five years of impact investing guidelines

bmcgovern — Thu, 10 Oct 2024 15:00:19 +0000

The United Nations’ Net-Zero Asset Owner Alliance is marking five years of encouraging institutional investors to implement science-based targets towards curbing greenhouse gas emissions in their portfolios. The network launched with just 12 investment organizations and now counts 88 members across 19 countries. Its members’ collective assets under management have nearly quadrupled since 2019, from […]

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IMCO increasing investments in clean energy transition assets: report

bmcgovern — Thu, 03 Oct 2024 15:00:20 +0000

The Investment Management Corp. of Ontario has increased its stake in climate solution investments to 11.5 per cent of its portfolio, equivalent to $2.1 billion, according to a new sustainability report by the investment organization. It noted the IMCO is aiming to hold $5 billion in transition assets by 2027 and to deploy 20 per cent […]

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Institutional investors’ demand for insurance-linked securities pushing transaction volumes to new highs: experts

bmcgovern — Mon, 16 Sep 2024 13:00:25 +0000

An acceleration of significant weather events are impacting the risk premium earned from insurance-linked securities, providing a significant inflation hedge for institutional investors, says Bernard Van der Stichele, senior portfolio manager of insurance-linked securities at the Healthcare of Ontario Pension Plan. “ILS investments earn a risk premium that is directly proportional to the level of risk […]

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Canada’s missing navigation tool in the push to lower emissions

bmcgovern — Tue, 02 Jul 2024 19:00:10 +0000

It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass. The same could be said of investors trying to navigate where to put the many trillions of dollars that are […]

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UN’s Net-Zero Asset Owner Alliance adopting intermediate targets

bmcgovern — Tue, 25 Jun 2024 13:00:27 +0000

The United Nations’ Net-Zero Asset Owner Alliance — an association of financial organizations that includes the Caisse de dépôt et placement du Québec — is incorporating intermediary environmental targets as it continues its push to net-zero emissions by 2050. In addition to the new environmental reporting targets for asset owners, the association’s guidance now includes […]

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CIA calling on financial organizations to include effects of climate change in risk projections

bmcgovern — Thu, 13 Jun 2024 13:00:38 +0000

Unique natural events caused by the effects of climate change need to be considered in a financial organization’s risk analysis, according to a new report by the Canadian Institute of Actuaries. The report examined work and recommendations of the task force on climate-related financial disclosures on climate risk frameworks for the Canadian financial sector. It […]

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UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN

bmcgovern — Wed, 12 Jun 2024 19:00:44 +0000

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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