With the task force on climate-related financial disclosures becoming increasingly common in institutional investor circles, how can Canadian pension plans start to use its guidance effectively? During a webinar hosted by the Association of Canadian Pension Management on Tuesday, Maria Montero, climate change program head at the Canada Pension Plan Investment Board, said her organization […]
The University of Toronto Asset Management Corp. is teaming up with more than 120 institutional investors to call on the aviation sector to confront the issue of climate change-related risks and opportunities. The UTAM signed a statement from the United Nations’ Principles for Responsible Investment, which lays out investors’ expectations on climate change for the sector. […]
For the first time, defined contribution plan assets are exceeding defined benefit holdings across the world’s six largest pension markets, according to new report by Willis Towers Watson’s Thinking Ahead Institute. The report also found DC plan assets have grown at a faster rate (8.4 per cent per annum) than DB plans (4.8 per cent per annum) […]
Index-provider FTSE Russell is launching the first government bond index of countries in the economic and monetary union of the European Union that adjusts country weights based on climate risk. The index provides a forward-looking assessment of these countries’ climate risks, such as the expected economic impact of transitioning to Paris Accord target greenhouse gas […]
In an unusual move for an index provider, MSCI Inc. is urging the investment industry as a whole to incorporate environmental, social and governance issues into their investment processes. “Really we think there’s an urgency,” says Remy Briand, head of ESG at MSCI. “We think there are still too many investors that are not realizing that, […]
Climate change’s ramifications for real estate, the rise of innovative technologies and the changing nature of stakeholder activism are some of the environmental, social and governance trends to watch as 2020 kicks off, according to an outlook from MSCI. While asset owners have been eyeing the potential effects of severe weather events and natural disasters […]
BlackRock, the world’s largest asset manager, will make climate change central to its investment decisions. Founder and chief executive officer Laurence Fink, who oversees the management of about $7 trillion in funds, said in his influential annual letter to CEOs Tuesday that he believes we are “on the edge of a fundamental reshaping of finance” […]
A new economic report says the next decade in Canada will increasingly be shaped by the twin forces of climate change and demographic disruption from an aging population. “By 2030, Canada’s economy could look significantly different,” says the RBC report released Monday, dubbed Navigating the 2020s. “A country whose economic identity has long been bound […]
A majority (59 per cent) of global institutional investors said they’re dissatisfied with publicly traded companies’ climate-related disclosures, according to a new survey by the Global Sustainable Investment Alliance. The survey, which polled investors in Australia, Canada, Europe, Japan, the United Kingdom and United States, found 40 per cent of respondents described themselves as somewhat […]
The Canada Pension Plan isn’t taking sufficient action to address climate change, according to a new report by the Corporate Mapping Project and the Canadian Centre for Policy Alternatives. Specifically, the report said the CPPIB isn’t investing with the goal of limiting the global rise in temperature to 1.5 degrees Celsius. “Within its public equities […]