The Canada Pension Plan Investment Board is issuing green bonds with an aim to boost its holdings in renewable energy and efficient buildings. Over the past year, the pension fund has indicated its intention to put more than $3 billion into the renewable energy sector to ensure it’s ready for the anticipated transition to a lower-carbon economy on […]
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 […]
The Canadian Coalition for Good Governance, an organization consisting of institutional investors, has released a guide for company boards seeking to oversee environmental and social issues within their investments. The guidebook offers 29 recommendations covering eight key governance areas, aiming to help boards effectively oversee company disclosure of environmental and social matters. “Companies and investors around the […]
The Caisse de dépôt et placement du Québec is increasing its stake in Chicago-based Invenergy to a 52.4 per cent ownership of the company. The company has developed renewable energy projects producing about 14,000 megawatts of power, including wind and solar power generation facilities, as well as advanced energy storage, around the world. “CDPQ is leading […]
The carbon footprint of Bâtirente’s overall equities portfolio is 35 per cent lower than its benchmark, according to a report by the Quebec-based pension fund. The report also shows that the carbon footprint for Bâtirente’s three equity funds — global, small-cap and Canadian — is lower than their respective benchmarks. In the case of the small-cap fund, it […]
As part of its plan to address environmental, social and governance factors, the Caisse de dépôt et placement du Québec has released its first stewardship investing report. The report outlined the Caisse’s strategic actions on key issues like climate change, corporate governance, women in business and international taxation. “We’ve been integrating ESG factors into our investment processes for […]
Bolstered by research showing the majority of institutional investors are considering environmental, social and governance issues in their investments strategies, Russell Investments has created a new way to score companies on the particular factors that could have a material influence on finances and returns. “Our new material metric allows ESG investors to differentiate between companies […]
The Alberta Investment Management Corp. is entering into a partnership with U.S.-based Enel Green Power North America Inc. for the operation of two renewable energy projects in Alberta. AIMCo will take on a 49 per cent equity interest in two wind farms, which are expected to be constructed in 2019. Castle Rock Ridge II is a 30.6 mega watt expansion of […]
Recent weeks and months have seen a rise in activity around pension fund divestment from carbon assets. This month, the City of New York announced a plan to divest from fossil fuels within its five pension funds. In doing so, it joins pension plans in Washington, Berlin and Cape Town, as well as funds at the University […]
A group of 30 Canadian and international pension funds and financial institutions have released a joint declaration that implores publicly traded companies in Canada to commit to disclose more information about their exposure to the risks of climate change and the measures undertaken to manage them. The 30 signatories — which include Bâtirente, the Caisse de dépôt et […]