Demand for defined benefit pension plan sponsors to focus on environmental, social and governance factors through their investments is growing. Both plan sponsors and members have been increasingly vocal about keeping ESG issues top of mind. For example, the Healthcare of Ontario Pension Plan has worked on balancing this increased appetite for ethical investing with an overall […]
Canada’s top central banker is making a plea for the country to more quickly address the impacts of climate change to avoid any economic ripple effects on households and businesses. Tiff Macklem made the case in a speech Tuesday that Canada’s financial system needs to become as resilient to climate change as it has been […]
President-elect Joe Biden will inherit a vulnerable economic recovery under threat from a resurgent virus, likely with a divided Congress that will hinder his ability to address the challenges. Yet despite the obstacles, the former vice-president and senator will pursue a drastic shift in America’s economic policy. He has vowed to reverse much of the […]
The University of Toronto Asset Management Corp. is making significant progress toward its goals on climate change, according to its fourth annual responsible investing report. In terms of its goal to reduce the carbon footprint of its pension and endowment portfolios by at least 40 per cent compared to 2017 levels by the end of 2030, […]
Before the pandemic hit, momentum was building to fight climate change, said Eli Angen, a principal in responsible investing, strategy and risk at the Ontario Teachers’ Pension Plan. At the Canadian Investment Review’s 2020 Global Investment Conference in September, Angen pointed to the decreasing cost of the energy transition and greater societal and business awareness […]
The interest in environmental, social and governance investing has risen exponentially over the past 20 years, but ESG investing is still in its early stages, said Peter Lindley, president and chief executive officer of the OPSEU Pension Trust, when speaking at the Canadian Investment Review’s 2020 Global Investment Conference in September. “As a long-term investor, […]
Willis Towers Watson is appointing Tony Rooke as director of climate transition risk in the organization’s climate and resilience hub. In the new role, Rooke will drive WTW’s client guidance on climate transition risk disclosure, management and opportunities. Read more People Watch news With more than 22 years of global experience in climate change, sustainability, strategy, advisory […]
The Chartered Financial Analyst Institute is looking to more deeply examine the financial industry’s role in mitigating climate change. In a new report, the CFA Institute examined how investors can engage with the issue of climate change. It noted a recent survey of its members found 40 per cent of respondents incorporate climate change information […]
The Caisse de dépôt et placement du Québec and multi-stage investment firm S2G Ventures are creating a co-investment partnership whereby the Caisse will invest up to US$125 million over the next three years in ventures that aim to make the food and agriculture industry more sustainable and climate friendly. “By enabling investments in ventures and growth equity companies […]
The Canada Climate Law Initiative is calling into question whether the Canada Pension Plan Investment Board is sufficiently aligning its investments with the transition to a low-carbon economy. In a legal analysis, the organization said the pension fund’s current allocations to high-carbon assets reveal a “troubling incrementalism” within its efforts to mitigate Canadians’ exposure to […]