A group of institutional investors, including numerous large Canadian defined benefit pension plans, has released a handbook outlining their experiences implementing the recommendations from the task force on climate-related financial disclosures. The Canadian plans include the Alberta Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension Plan Investment Board, the […]
A group of institutional investors, including numerous large Canadian defined benefit pension plans, has released a handbook outlining their experiences implementing the recommendations from the task force on climate-related financial disclosures. The Canadian plans include the Alberta Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension Plan Investment Board, the […]
The Canadian Institute of Actuaries is asking financial stakeholders to take climate risks more heavily into account. In a letter addressing Canada’s governments, corporations and investors, the institute said quantifying and disclosing the financial impacts of climate change are key actions that will help mitigate the rise in global temperatures and will help Canadians adapt […]
While many institutional investors understand that climate change poses risks to their portfolios, it can be difficult to nail down how to combat it. For a Canadian portfolio manager, looking over a selection of stocks from mining to utilities to forestry, it can be a daunting task to discern which material risks exist, said Blair […]
An alliance of the world’s largest pension funds and insurers responsible for more than US$2.4 trillion in investments is committing to carbon-neutral investment portfolios by 2050. The commitment was launched by the newly formed, United Nations-convened Net-Zero Asset Owner Alliance. It was introduced at the UN Climate Action Summit to strengthen commitments and accelerate the implementation of […]
Climate risk disclosure and gender diversity on corporate boards are key issues attracting majority support from institutional investors, according to a new survey by proxy advisory firm Institutional Shareholder Services Inc. Its latest global benchmark policy survey generated 400 respondents from institutional investors, corporate executive and others in Canada, the U.S., Europe and Asia. It found 61 […]
Amid growing concern about the financial risks of climate change, a pair of Canadian law professors is launching an effort to help corporate directors and pension trustees better understand the issue. The academics — Dr. Janis Sarra from the University of British Columbia and professor Cynthia Williams from Osgoode Hall Law School at York University […]
The Canadian Securities Administrators is releasing guidance for public companies on reporting the material risks that climate change poses to their businesses. The guidance aims to help public companies meet regulatory requirements and “inform investors about the sustainability of their business model and to provide insights into how they are mitigating and adapting to these risks,” the […]
A group of institutional investors representing US$2 trillion in assets under management is calling on the cement industry to do better on their carbon emissions. The Institutional Investors Group on Climate Change and investors in Climate Action 100+ called on Europe’s major construction material firms to commit to taking steps to achieve net zero emissions no later […]
Nearly half (46 per cent) of the world’s highest-emitting publicly listed companies aren’t adequately considering climate risk in their operational decision-making, according to a new report. Conducted for the Transition Pathway Initiative by the Grantham Research Institute on Climate Change and the Environment at the London School of Economics, the report used FTSE Russell data […]