Pharmacare and flexible annuity options top the Canadian Life and Health Insurance Association’s list of recommendations for the upcoming 2019 federal budget. In its submission, the association stated it’s supportive of the work being done through the federal government’s advisory council on the implementation of pharmacare, introduced in last year’s budget. However, it also said it’s important to […]
Climate Action 100+ is ramping up its action on climate change by highlighting a further 61 companies for institutional investors to focus on. The group is comprised of 225 global investors with more than US$26 trillion in assets under management, including several Canadian pension funds, such as the British Columbia Investment Management Corp., the British Columbia Municipal […]
The OPSEU Pension Trust is setting out a climate change action plan, including eight areas of focus that aim to make the pension fund more resilient and agile in taking on the problem. “Climate change is one of the most significant challenges facing us today,” said Hugh O’Reilly, president and chief executive officer of OPTrust, in a […]
Whether the aim is to reduce material risk, align pension investments with the organization’s overall philosophies or address a moral imperative, no pension fund wants to go through the trouble of diving in only to find its assets aren’t as green as it thought. With no standardized metric in existence, the word “green” could have […]
Plan aims to prepare OPTrust for the transition to a carbon-neutral economy
How knowledge gaps around climate change can leave investors in the dark.
While 68 per cent of global institutional investors said they consider responsible investing to be important to their organization to some degree, 40 per cent said they’ve already developed a policy for making investment decisions and another 14 per cent said they’re in the process of doing so, according to a new survey by Aon. Its […]
Just days before Canada hosts the G7 Summit in La Malbaie, Que., a group of investors, including some of the country’s largest pension funds, has joined together with the federal government to promote three key issues, including increasing opportunities for women in finance and investment worldwide. “We need to think about how we’re going to ensure half of […]
Global institutional investors’ assets under management rose 7.3 per cent in 2017 to US$36.2 trillion, the largest increase in five years, according to the Official Monetary and Financial Institutions Forum. The London, England, and Singapore-based independent think-tank’s report tracks 750 global public pension, sovereign funds and central banks, holding assets equivalent to 45 per cent of the […]
With no standardized system in place for measuring company activities, it has historically been a challenge for institutional investors to assess their climate-related impact. The task force on climate-related disclosures is aiming to change that by creating a knowledge hub that encourages companies to improve how they disclose activities that affect the climate. The hub includes […]