environmental initiatives – Benefits Canada.com

UN’s Net-Zero Asset Owner Alliance adopting intermediate targets

bmcgovern — Tue, 25 Jun 2024 13:00:27 +0000

The United Nations’ Net-Zero Asset Owner Alliance — an association of financial organizations that includes the Caisse de dépôt et placement du Québec — is incorporating intermediary environmental targets as it continues its push to net-zero emissions by 2050. In addition to the new environmental reporting targets for asset owners, the association’s guidance now includes […]

The post UN’s Net-Zero Asset Owner Alliance adopting intermediate targets appeared first on Benefits Canada.com.

CIA calling on financial organizations to include effects of climate change in risk projections

bmcgovern — Thu, 13 Jun 2024 13:00:38 +0000

Unique natural events caused by the effects of climate change need to be considered in a financial organization’s risk analysis, according to a new report by the Canadian Institute of Actuaries. The report examined work and recommendations of the task force on climate-related financial disclosures on climate risk frameworks for the Canadian financial sector. It […]

The post CIA calling on financial organizations to include effects of climate change in risk projections appeared first on Benefits Canada.com.

2024 Global Investment Conference: How institutional investors can leverage their influence with stewardship goals

bmcgovern — Mon, 10 Jun 2024 11:50:48 +0000

Active ownership, accompanied by a concrete set of stewardship goals, is critical for long-term value creation, said Delaney Greig, director of investor stewardship at the University Pension Plan, during a session at the Canadian Investment Review’s 2024 Global Investment Conference in April. The UPP, which was established in 2021 as a jointly sponsored defined benefit pension […]

The post 2024 Global Investment Conference: How institutional investors can leverage their influence with stewardship goals appeared first on Benefits Canada.com.

Expert panel: How transition investments can help institutional investors reach net zero

bmcgovern — Tue, 04 Jun 2024 13:00:48 +0000

Driven by the net-zero pledge towards green investments, institutional investors are finding themselves uncomfortably wedged between a rock and a hard place. If they invest exclusively in green assets and earn lower returns than the broader stock market benchmark, as was the case in 2023 for environmental, social and governance funds, they’re criticized for underperforming. […]

The post Expert panel: How transition investments can help institutional investors reach net zero appeared first on Benefits Canada.com.

Montreal municipal employees’ pension plan promises to divest from fossil fuels, repatriate investments

bmcgovern — Tue, 21 May 2024 15:00:55 +0000

The City of Montreal, which manages the joint fund of the city’s municipal employees’ retirement plan, says it intends to withdraw all investments from fossil fuel assets, according to a report by the Canadian Press. Read: 91% of Canadian institutional investors say climate change is top ESG concern: survey “This commitment is a first concrete step […]

The post Montreal municipal employees’ pension plan promises to divest from fossil fuels, repatriate investments appeared first on Benefits Canada.com.

CPPIB reports $79BN exposure to green and transition assets

bmcgovern — Tue, 24 Oct 2023 13:00:31 +0000

The Canada Pension Plan Investment Board says it will meet its goal of holding $130 billion in green and transition assets by 2030, according to a new report by the investment organization. The CPPIB’s current green asset mix was $79 billion as at March 31, 2023, up 17.9 per cent year-over-year from $66 million. “We […]

The post CPPIB reports $79BN exposure to green and transition assets appeared first on Benefits Canada.com.

PSP Investments reports $48.9BN exposure to green assets

bmcgovern — Tue, 26 Sep 2023 14:30:33 +0000

Investments in low-carbon activities leading to positive environmental impacts make up 16.2 per cent of the Public Sector Pension Investment Board’s total assets under management, according to a new report by PSP Investments. A report reviewing the investment organization’s sustainability progress found its current green assets represent $48.9 billion. It credits its ‘green asset taxonomy’ […]

The post PSP Investments reports $48.9BN exposure to green assets appeared first on Benefits Canada.com.

Climate change a growing focus for institutional investors in 2021

mschmit — Wed, 13 Jan 2021 05:00:08 +0000

For institutional investors keen to maintain environmental, social and governance commitments made in recent years, there’s a steep climb ahead. The Paris Agreement — and its call to keep climate change to a 2°C warming scenario — is shrinking the investable universe for those still seeking to align with its confines, according to a report from MSCI […]

The post Climate change a growing focus for institutional investors in 2021 appeared first on Benefits Canada.com.

Wellington Management joins net zero asset managers’ initiative

mschmit — Mon, 14 Dec 2020 05:15:16 +0000

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 and […]

The post Wellington Management joins net zero asset managers’ initiative appeared first on Benefits Canada.com.

Canadian ESG-related investment assets surge to $3.2 trillion: report

mschmit — Fri, 27 Nov 2020 05:15:06 +0000

Investments that incorporate environmental, social and governance factors are growing rapidly in Canada, according to a new survey by the Responsible Investment Association. It found these investments grew from $2.1 trillion at the end of 2017 to $3.2 trillion as of Dec. 31, 2019, a 48 per cent increase in responsible investment assets under management. In […]

The post Canadian ESG-related investment assets surge to $3.2 trillion: report appeared first on Benefits Canada.com.