climate change – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Jul 2024 16:14:51 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Canada’s missing navigation tool in the push to lower emissions https://www.benefitscanada.com/news/cir-news-news/canadas-missing-navigation-tool-in-the-push-to-lower-emissions/ Tue, 02 Jul 2024 19:00:10 +0000 https://www.benefitscanada.com/?p=157574 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 https://www.benefitscanada.com/news/cir-news-news/uns-net-zero-asset-owner-alliance-adopting-intermediate-targets/ Tue, 25 Jun 2024 13:00:27 +0000 https://www.benefitscanada.com/?p=157346 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 https://www.benefitscanada.com/canadian-investment-review/research-markets/cia-calling-on-financial-organizations-to-include-effects-of-climate-change-in-risk-projections/ Thu, 13 Jun 2024 13:00:38 +0000 https://www.benefitscanada.com/?p=156774 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 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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]]> Report finds infrastructure investments at the centre of energy transition roadmap https://www.benefitscanada.com/canadian-investment-review/research-markets/infrastructure-investments-at-the-centre-of-energy-transition-roadmap-report/ Mon, 10 Jun 2024 19:00:17 +0000 https://www.benefitscanada.com/?p=156733 Institutional investors are at the forefront of an infrastructure overhaul expected to be worth more than $100 trillion, which will be crucial for global energy transition plans, according to a report by IFM Investors. It found over the next three decades, investments in infrastructure equity funding for renewable energy and climate change adaption methods will […]

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]]> 2024 Global Investment Conference: Global energy interests posing challenges to institutional investors’ net-zero targets https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-global-investment-conference-global-energy-interests-posing-challenges-to-institutional-investors-net-zero-targets/ Mon, 10 Jun 2024 11:59:47 +0000 https://www.benefitscanada.com/?p=156206 Global powerhouses China and India will continue to heavily bet in oil and gas opportunities due to projected demand, despite the global push for green energy, said John Sitilides, senior fellow for national security at the Foreign Policy Research Institute, during the keynote session at the Canadian Investment Review’s 2024 Global Investment Conference in April. […]

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]]> 2024 Global Investment Conference: Comparing clean energy landscapes across North America and Europe https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-global-investment-conference-comparing-clean-energy-landscapes-across-north-america-and-europe/ Mon, 10 Jun 2024 11:57:39 +0000 https://www.benefitscanada.com/?p=155486 To reach 2050 net-zero targets, investment volume in U.S. and European clean power markets has to be scaled on an annualized basis from now until 2030, said Daniel Sausmikat, partner of origination and execution at InfraRed Capital Partners, during the Canadian Investment Review‘s 2024 Global Investment Conference held in April. However, progress isn’t going to […]

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]]> 2024 Global Investment Conference: How institutional investors can leverage their influence with stewardship goals https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-global-investment-conference-how-institutional-investors-can-leverage-their-influence-with-stewardship-goals/ Mon, 10 Jun 2024 11:50:48 +0000 https://www.benefitscanada.com/?p=156213 Active ownership, accompanied by a concrete set of stewardship goals, is critical for long-term value creation, said Delaney Greig, director of investor stewardship at the University Pension Plan, during a session at the Canadian Investment Review’s 2024 Global Investment Conference in April. The UPP, which was established in 2021 as a jointly sponsored defined benefit pension […]

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]]> Montreal municipal employees’ pension plan promises to divest from fossil fuels, repatriate investments https://www.benefitscanada.com/canadian-investment-review/strategies/montreal-municipal-employees-pension-plan-promises-to-divest-from-fossil-fuels-repatriate-investments/ Tue, 21 May 2024 15:00:55 +0000 https://www.benefitscanada.com/?p=155749 The City of Montreal, which manages the joint fund of the city’s municipal employees’ retirement plan, says it intends to withdraw all investments from fossil fuel assets, according to a report by the Canadian Press. Read: 91% of Canadian institutional investors say climate change is top ESG concern: survey “This commitment is a first concrete step […]

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]]> Greenhushing possibly a temporary trend in institutional investment space: expert https://www.benefitscanada.com/canadian-investment-review/strategies/greenhushing-possibly-a-temporary-trend-in-institutional-investment-space-expert/ Tue, 21 May 2024 15:00:47 +0000 https://www.benefitscanada.com/?p=155772 Greenhushing — the withholding of sustainability milestones and other environmental investment goals by institutional investors and investee companies — is a trend that could already be on the way out, says Mary Jane McQuillen, head of environmental, social and governance investing at ClearBridge Investments, a subsidiary of Franklin Templeton Investments. The effects of greenhushing are expected […]

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