The Caisse de dépôt et placement du Québec is on track to have a net-zero portfolio by 2050, according to the organization’s latest sustainable investing report. In 2022, the carbon intensity of the Caisse’s portfolio was 53 per cent lower than its 2017 baseline level, a four per cent improvement over the previous year. As […]
Climate change presents an ongoing challenge to institutional investors’ allocations to domestic corporate bond, according to Soami Kohly, fixed income portfolio manager at MFS Investment Management, speaking during a session at the Canadian Investment Review‘s 2022 Investment Innovation conference. “The way that we think about [environmental, social and governance issues] is that it’s just another […]
Reduced investment in the fossil fuel sector will lead to higher energy prices, encouraging the development of transition technologies, according to Mark Lacey, head of global resource equities and global thematics at Schroders, during a session at the Canadian Investment Review‘s 2022 Investment Innovation Conference. “We’ve been through a massive divestment period that’s been exaggerated […]
Since interpretations of environmental, social and governance investing can vary, institutional investors can leverage artificial intelligence tools to strip away the noise and reveal data sets required to eliminate greenwashing and generate sustainable alpha, said Andy Moniz, senior vice-president and director of responsible investing at Acadian Asset Management, during the Canadian Investment Review’s 2022 Investment […]
Slightly more than a third (35 per cent) of U.S. institutional investors are incorporating environmental, social and governance factors into investment decisions, down from a high of 49 per cent in 2021, according to a new survey by investment consulting firm Callan. The survey, which polled more than 100 institutional investors, found 50 per cent […]
While one expert says the two approaches work most effectively together, the other highlights the importance of complete divestment. Adam Scott, director at Shift Action for Pension Wealth and Planet Health: The common framing of engagement versus divestment is a false dichotomy. They aren’t mutually exclusive approaches — both are essential tools for pension managers, […]
The Public Sector Pension Investment Board is engaging WSP Global Inc. to develop a consistent methodology for analyzing the environmental impact of its natural resources assets. The consultancy firm will conduct a detailed climate analysis of the portfolio, which includes more than three million hectares of land across more than 400 properties based in six countries. […]
A Canadian charitable initiative is criticizing the Canada Pension Plan Investment Board’s new environmental investing strategy. “It’s encouraging to see that the CPPIB wants to invest in critical decarbonization pathways for hard-to-abate sectors,” wrote Patrick DeRochie (pictured), senior manager at Shift Action for Pension Wealth and Planet Health, in an email to the Canadian Investment Review. “But the CPP […]
The Caisse de dépôt et placement du Québec is continuing its investment partnership with MacKinnon, Bennett & Company Inc. in the form of a new joint $150-million investment in late-venture and early growth-stage companies focused on the decarbonization and transition to renewable-energy-powered transportation. The Caisse initially invested in the company in 2016 and again in […]
Wellington Management Co. is joining the net zero asset managers’ initiative as a founding member. The company is committing to working with clients on their decarbonization goals and setting an interim target for the proportion of assets to be managed in line with the attainment of net-zero emissions by 2050. Wellington is headquartered in Boston […]