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 […]
Investing is undergoing a paradigm shift, which will see investors do well by doing good, according to John Levy, director of impact at Franklin Templeton Investments. “Traditional investing is agnostic about its role on the planet, local communities and society. At some point, something like what we now call sustainable investing came along,” he said during […]
Before Alison Loat joined the OPSEU Pension Trust as its first managing director of sustainable investing and innovation in 2019, her experience with sustainability investing had only been peripheral. “Although I did not come from the responsible investing world, I could see the tides were starting to turn. It was clear that a lot more […]
The Alberta Union of Provincial Employees is calling on the Alberta Investment Management Corp. to “quantify the climate risks of its investments and adopt a path to net zero.” The AUPE’s call for action was one of three environmental resolutions for which the union’s membership voted in favour during its annual convention held earlier this […]
The Alberta Investment Management Corp. is selling its 97.33 per cent ownership stake in a Spanish renewable energy company. Eolia Renovables de Inversiones is an independent power producer that develops, constructs and operates wind farms and solar photovoltaic plants. The company manages a 899 megawatt portfolio of renewable energy assets, as well as a renewable […]
The recent emphasis on environmental, social and governance issues among pension investors will continue to dominate industry conversations in the future, according to a panel discussion with three high-profile figures in Canada’s investment sector during the 2021 Global Investment Conference. “If I could rename ESG, it would be GES,” said Alain Malaket, chief executive officer […]
Norway’s largest pension fund is divesting from 14 companies involved in producing nuclear missiles and other weapons. Oslo-based KLP, which manages more than 300 billion kroner (US$35.4 billion), said it made the decision after reviewing companies that may violate its guidelines on weapons. “Those excluded are mainly companies that directly or indirectly contribute to the continuing […]
The U.S. Department of Labor is proposing new rules that would give pension plan fiduciaries the ability to make investment decisions based on environmental, social and governance factors. If adopted, the rules would amend the Employee Retirement Income Security Act of 1974. In its summary of the proposed changes, the Department of Labor said they’d […]
More than 20 financial organizations in Quebec, including the Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board, are joining forces to tackle the climate emergency. The initiative, the Statement by the Quebec Financial Centre for a Sustainable Finance, aims to affirm Quebec’s leadership in sustainable finance and the financial institutions’ […]
When the University Pension Plan officially launched in July 2021, it did so with Barbara Zvan as its inaugural president and chief executive officer. Fresh from a 25-year career with the Ontario Teachers’ Pension Plan, she was appointed by the UPP’s board of trustees in July 2020. While most of the foundational work had been […]