ESG criteria – Benefits Canada.com

Climate risk, energy transition presenting institutional investors with long-term opportunities

lbailey — Tue, 22 Oct 2024 13:00:47 +0000

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 […]

The post Climate risk, energy transition presenting institutional investors with long-term opportunities appeared first on Benefits Canada.com.

Feds moving ahead with sustainable investing guidelines, but details still scarce

bmcgovern — Fri, 11 Oct 2024 19:00:17 +0000

Finance Minister Chrystia Freeland said the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce. The move comes as a wide range of investors, asset managers and environmental groups have been pushing the government to roll out such guidelines, also known as green […]

The post Feds moving ahead with sustainable investing guidelines, but details still scarce appeared first on Benefits Canada.com.

Canada’s missing navigation tool in the push to lower emissions

bmcgovern — Tue, 02 Jul 2024 19:00:10 +0000

It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass. The same could be said of investors trying to navigate where to put the many trillions of dollars that are […]

The post Canada’s missing navigation tool in the push to lower emissions appeared first on Benefits Canada.com.

Majority of TSX companies aren’t meeting sustainability risk disclosure standards: report

bmcgovern — Thu, 12 Oct 2023 15:00:13 +0000

About a third (34 per cent) of the companies on the S&P/TSX composite index are meeting the reporting requirements for environmental, social and governance standards by disclosing the metrics of all of their sustainability related risks and opportunities, according to a new report by consultancy Millani. The report, which reviewed ESG standards in Canadian public companies, […]

The post Majority of TSX companies aren’t meeting sustainability risk disclosure standards: report appeared first on Benefits Canada.com.

Majority of Canadian institutional investors consider climate change a top ESG focus: survey

lbailey — Tue, 29 Aug 2023 13:00:49 +0000

A majority (98 per cent) of Canadian institutional investors consider climate change a top environmental, social and governance focus area, according to a new survey by consultancy Millani. The survey, which polled 40 institutional investors with more than $5.8 trillion in assets under management, found they also ranked diversity, equity and inclusion (45 per cent) and […]

The post Majority of Canadian institutional investors consider climate change a top ESG focus: survey appeared first on Benefits Canada.com.

New report highlights BCI’s 2022 ESG achievements

Gideon Scanlon — Thu, 27 Apr 2023 16:30:20 +0000

The British Columbia Investment Management Corp. is leveraging its size and influence to drive environmental, social and governance improvements across its portfolio, according to the investment organization’s 2022 ESG annual report. “We believe, as do our clients, that ESG matters, makes a difference and translates to meaningful distinctions in a company’s ability to generate long-term […]

The post New report highlights BCI’s 2022 ESG achievements appeared first on Benefits Canada.com.

Six pension plan members share their perspectives on ESG investing

lbailey — Fri, 14 Apr 2023 12:55:43 +0000

As world markets contend with supply chain issues stemming from climate change, the coronavirus pandemic and Russia’s invasion of Ukraine, environmental, social and governance considerations are slowly taking a more prominent role in pension funds’ risk assessments. In particular, Canadian pension funds are taking a progressive approach to ESG investing. Many have become signatories of […]

The post Six pension plan members share their perspectives on ESG investing appeared first on Benefits Canada.com.

Biden vetos resolution to bar ESG investing in state pensions

Gideon Scanlon — Thu, 23 Mar 2023 16:30:51 +0000

A resolution to reverse a rule allowing U.S. pension investors to consider environmental, social and governance criteria has been blocked by President Joe Biden. “It would put at risk the retirement savings of people across the country,” the president said after issuing his first-ever veto. Through the office’s veto power, a president may block any […]

The post Biden vetos resolution to bar ESG investing in state pensions appeared first on Benefits Canada.com.

Report finds diverse asset managers linked to higher investment returns

bwolfe — Mon, 13 Mar 2023 13:00:56 +0000

Investment teams in the top quartile of gender diversity outperform the bottom quartile by 45 basis points yearly in terms of net excess returns, according to a new report by WTW. The report, which analyzed data from more than 1,500 investment strategies and more than 400 asset management firms, found while 80 per cent of […]

The post Report finds diverse asset managers linked to higher investment returns appeared first on Benefits Canada.com.

Private member’s bill prohibiting certain CPPIB investments survives first reading

Gideon Scanlon — Mon, 27 Feb 2023 20:00:23 +0000

A private member’s bill prohibiting the Canada Pension Plan Investment Board from making certain investments survived its first reading in the House of Commons. Bill C-315, submitted by New Democratic Party member Alistair MacGregor, would amend the Canada Pension Plan Investment Board Act by prohibiting investments in any entity if there are reasons to believe […]

The post Private member’s bill prohibiting certain CPPIB investments survives first reading appeared first on Benefits Canada.com.