The majority of Canadian institutional investors say they don’t think shareholders should take precedent over all other stakeholders, including employees, at a given company, according to a new survey by Daniel J. Edelman Holdings Inc. It found 91 per cent of respondents said maximizing profits in the interest of shareholders can no longer be the primary purpose of […]
Globally, 10 per cent of mining companies’ tailings dams have experienced stability issues, according to an analysis by a group of global institutional investors representing US$13.5 trillion in assets. The investor group, which includes pension funds and other institutional investors led by the Church of England Pensions Board and the Council of Ethics of the […]
Proxy voting played a major role in the Alberta Investment Management Corp.’s responsible investment strategy during the past year, according to its newly released annual responsible investment report for 2018-19. During the 2018/19 proxy voting season the AIMCo reviewed and approved more than 30,000 ballot items and voted on 99 per cent of 3,324 meetings […]
Scotiabank is providing its eligible Canadian employees with an additional two paid personal days to support their mental health. Beginning Jan. 1, 2020, the bank’s Canadian workforce will have a total of five personal days and the flexibility to take them as needed, in addition to existing sick and vacation days. “Our people are our […]
Students around the world have been skipping school to march in protest of global leaders’ inaction on climate change, and now certain employers are enabling their employees to do so as well. Vancouver-based Lush Cosmetics North America will be shutting down its 50 Canadian stores, as well as its online shopping system and its manufacturing […]
The Responsible Investment Association is creating a hub for investors looking for advice on responsible investing and related investment options and services. The RI Marketplace, which functions as an online directory of what’s available to Canada’s institutional and retail investors, highlights more than 150 responsible investment vehicles, including mutual funds, exchange-traded funds, pooled products, separately managed […]
Almost a third of General Motors Inc. investors with nearly $2 trillion in total assets under management voted in favour of a shareholder resolution last week requesting the car manufacturer disclose its lobbying practices around vehicle emission standards. The vote, led by Canadian responsible investment firm NEI Investments and New York City Comptroller Scott Stringer, took […]
Citigroup Inc.’s employees in Toronto spent Tuesday planting trees and shrubs at a local conservation area for the bank’s global community day. During Citi’s annual event, employees and their family members volunteer time to local causes around the world. It expects the participation of 100,000 Citi volunteers across 450 cities this year, with 1,000 Canadian employees and […]
Aon has reached a definitive agreement to sell certain businesses within its talent practice, specifically culture and engagement, leadership development and advisory and related products and services to Spencer Stuart, an executive search and leadership advisory firm. “Aon’s investment strategy is centred on growth areas that support its vision to be a pre-eminent professional services […]
New Zealand government pension funds are calling on Facebook Inc., Alphabet Inc. and Twitter Inc. to reign in the proliferation of hate on their platforms in the wake of the Christchurch terrorist attack in March. The New Zealand Super Fund, Government Superannuation Fund, National Provident Fund and Kiwi Wealth, as well as the country’s Accident Compensation Corp., […]