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 […]
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 […]
FTSE Russell is launching a government bond index that weighs countries’ preparedness and resilience to climate change risk. A spin-off of the FTSE world government bond index, the new FTSE climate risk-adjusted world government bond index will include the sovereign bonds of 22 developed markets. In order to establish its climate-risk weightings, FTSE is using […]
The Ontario Teachers’ Pension Plan has released its first climate change report. Written following the recommendations of the Financial Stability Board’s task force on climate-related financial disclosure, the report outlined the plan’s governance approach and strategy with regard to climate change. “Climate change is one of the biggest and most daunting challenges facing the world.” […]
The OPSEU Pension Trust is highlighting its responsible investing efforts in its fourth yearly report. The report’s key themes included the pension fund’s focus on better measuring its exposure to climate change risk and promoting of gender diversity. On climate change, the OPTrust is aiming to get more and better quality information from portfolio companies on these issues. As well, the […]