While Canada’s public and private pension plans are a vital player in the transition to a lower carbon economy, they’re only one component, with other financial market participants, such as banks, insurers and asset managers, must also play a role, according to the Pension Investment Association of Canada. In a letter commenting on a report by an […]
Though the term ‘corporate social responsibility’ varies across companies and countries, it’s generally considered to be a form of organizational self-regulation focusing on an employer’s approach to sustainability across a variety of topics, such as environmental efforts, human rights, corporate governance, health and safety and economic development. Unilever’s sustainable living plan sets out ambitious targets […]
“Climate change is a weapon of mass destruction,” said Sandra Carlisle, head of responsible investment at HSBC Global Asset Management, at a panel hosted by the Responsible Investment Association on Thursday. It’s critical that investors, who are thinking about how the impacts of climate change present a genuine risk, broaden their perspective to include the multifaceted […]
While many companies are aware of the United Nation’s sustainable development goals, with some mentioning them directly in their disclosure reporting, only 12 per cent of those referencing the goals actually set quantitative targets for meeting them, according to new research by PIMCO. The research, which analyzed how 246 companies interact with the framework of the sustainable development goals, […]
In advance of the climate change conference in Katowice, Poland this month, 415 global institutional investors signed a statement reiterating their support for the Paris climate agreement, noting the actions that various global governments must urgently take. Among the investors, which represent US$32 trillion in assets under management, the Canadian signatories include the Caisse de dépôt et […]
Capital allocated to sustainable, responsible and impact investing now accounts for around a quarter of total assets under professional management in the U.S., according to a new survey by the US SIF Foundation. In 2018, that represented US$12 trillion, a 38 per cent increase on US$8.7 trillion in 2016, which has been largely driven by asset managers. […]
A few decades ago, people were concerned about the depleting ozone layer. Then, in the late 1980s, the Montreal Protocol was ratified to phase out ozone-depleting substances. Fast forward to today: the ozone hole is shrinking and is expected to completely close by 2060. “That says to me that if you get policymakers, business leaders […]
As climate change restructures the Canadian Arctic year by year, institutional investors should be paying attention to this all but undeveloped economy, according to one expert. “For those that live there, the dominant narrative is about how climate change is remaking the Arctic from a frozen periphery to an area of immense geographic and economic […]
When it comes to de-risking and finding opportunities related to climate, PGGM is taking steps to reduce the carbon footprint of its portfolio companies and find new investment opportunities without making concessions on returns, said Eloy Lindeijer, chief investment management member of the executive committee of the Dutch pension fund service provider PGGM. Speaking at […]
As climate change restructures the Canadian Arctic year by year, institutional investors should be paying attention to this all but undeveloped economy, according to one expert. “For those that live there, the dominant narrative is about how climate change is remaking the Arctic from a frozen periphery to an area of immense geographic and economic […]