climate risk – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Climate risk, energy transition presenting institutional investors with long-term opportunities https://www.benefitscanada.com/canadian-investment-review/strategies/climate-risk-energy-transition-presenting-institutional-investors-with-long-term-opportunities/ Tue, 22 Oct 2024 13:00:47 +0000 https://www.benefitscanada.com/?p=161626 Climate risk and energy transition present huge investment opportunities for pension plan sponsors seeking to invest for the long term, said Bertrand Millot, head of sustainability at the Caisse de dépôt et placement du Québec, speaking during a panel session at an event hosted by the United Nations’ principles for responsible investment in Toronto earlier […]

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]]> How Canada’s large pension funds are approaching green investment disclosures https://www.benefitscanada.com/archives_/benefits-canada-archive/how-canadas-large-pension-funds-are-approaching-green-investment-disclosures/ Fri, 09 Aug 2024 12:56:54 +0000 https://www.benefitscanada.com/?p=158779 Institutional investors are disclosing the environmental impact of their assets through increasingly sophisticated sustainability reports that use the latest disclosure metrics. While some of Canada’s largest pension funds are at the forefront of how to leverage responsible investment mandates and attempt to enact change through leadership in global organizations, the shortcomings of data reporting standards […]

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]]> CSSB’s climate risk disclosure standards should align with ISSB’s, with only Canadian-specific modifications: PIAC https://www.benefitscanada.com/pensions/governance-law/cssbs-climate-risk-disclosure-standards-should-align-with-issbs-with-only-canadian-specific-modifications-piac/ Thu, 20 Jun 2024 13:00:00 +0000 https://www.benefitscanada.com/?p=157204 The Pension Investment Association of Canada supports closely aligning the Canadian Sustainability Standards Board disclosure standards with the International Sustainability Standards Board’s requirements but recommends it only make necessary Canadian-specific modifications to the guidance. In an open letter to the CSSB, the PIAC noted alignment between financial and sustainability reporting supports “a connectivity that is essential […]

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]]> 2023 Investment Innovation Conference: Equities, fixed income assets generating real returns in volatile market regime https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2023-investment-innovation-conference-equities-fixed-income-assets-still-generating-real-returns-in-volatile-market-regime/ Thu, 18 Jan 2024 12:56:39 +0000 https://www.benefitscanada.com/?p=149959 Institutional investors are preparing for a bumpy return risk space where volatility is higher for all assets and real returns are much lower than what has been the norm over the past 10 years, said Robertas Stancikas, a senior research associate of institutional solutions at AllianceBernstein, during the Canadian Investment Review‘s 2023 Investment Innovation Conference in […]

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]]> BCFSA’s climate risk guidelines could create burden on smaller pension plans, says PIAC https://www.benefitscanada.com/pensions/governance-law/bcfsas-climate-risk-guidelines-could-create-burden-on-smaller-pension-plans-piac/ Thu, 14 Dec 2023 14:00:37 +0000 https://www.benefitscanada.com/?p=148770 The Pension Investment Association of Canada is calling on the B.C. Financial Services Authority to reconsider implementing new standards for climate-related risks analysis guidelines, noting it would be extremely challenging for most pension plans to meet a potential new climate and transition risk review system. In an open letter, the PIAC recommended a principles-based approach to […]

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]]> CAPSA’s risk management guideline adaptable to changes in cybersecurity, ESG: webinar https://www.benefitscanada.com/pensions/governance-law/capsas-risk-management-guideline-adaptable-to-changes-in-cybersecurity-esg-webinar/ Mon, 11 Sep 2023 13:00:32 +0000 https://www.benefitscanada.com/?p=143197 The Canadian Association of Pension Supervisory Authorities’ new risk management guideline allows for additional flexibility amid evolving issues such as cybersecurity and environmental, social and governance considerations, said David Bartucci, head of pension regulations and regulatory effectiveness at the Financial Services Regulatory Authority of Ontario and a member of the CAPSA’s risk management committee, during […]

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]]> Research finds pensions struggle to determine metrics for ESG goals https://www.benefitscanada.com/canadian-investment-review/research-markets/research-finds-pensions-struggle-to-determine-metrics-for-esg-goals/ Tue, 05 Sep 2023 15:00:48 +0000 https://www.benefitscanada.com/?p=142886 There’s no one-size-fits-all approach for pension funds looking to use an environmental, social and governance lens in their investment approach, according to a new publication from the pension research council at the Wharton School of the University of Pennsylvania. Olivia Mitchell, a professor and executive director of the pension research council at the University of Pennsylvania’s Wharton […]

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]]> Approaches to climate scenario analysis could create challenges for investors: study https://www.benefitscanada.com/canadian-investment-review/strategies/approaches-to-climate-scenario-analysis-could-create-challenges-for-investors-study/ Tue, 25 Jul 2023 14:00:32 +0000 https://www.benefitscanada.com/?p=141356 Approaches to climate scenario analysis are currently based on “implausible” assumptions that could delay action and create fiduciary duty challenges for investors, according to a new study by the Institute & Faculty of Actuaries. Sandy Trust, head of organizational risk at M&G, a global investment manager headquartered in London, England and one of the authors […]

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]]> New York City pension funds calling for absolute GHG emission targets at RBC https://www.benefitscanada.com/canadian-investment-review/strategies/new-york-city-pension-funds-calling-for-absolute-ghg-emission-targets-at-rbc/ Wed, 25 Jan 2023 20:00:32 +0000 https://www.benefitscanada.com/?p=133043 New York City comptroller Brad Lander and three of the city’s pension funds are offering shareholder proposals calling on several banks — including the Royal Bank of Canada — to disclose absolute greenhouse gas emissions targets for 2030. The shareholder proposals, which request a report within one year, call for an absolute reduction target aligned […]

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]]> PIAC calling on CSA to ensure consistency in climate disclosure regulations https://www.benefitscanada.com/canadian-investment-review/strategies/piac-calling-on-csa-to-ensure-consistency-in-climate-disclosure-regulations/ Mon, 16 Jan 2023 14:00:21 +0000 https://www.benefitscanada.com/?p=132488 The Pension Investment Association of Canada is urging the Canadian Securities Administrators to work closely with its international counterparts to ensure consistency in regulations on climate-related disclosure. In an open letter to the Ontario Securities Commission, the PIAC called on the CSA to align its climate regulations with the U.S. Securities and Exchange Commission and […]

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