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 […]
Quebec-based pension fund Bâtirente has reduced the carbon footprint of its equities by more than 22 per cent of its benchmark portfolios, according to the fund’s latest analysis. It also found that as of Dec. 31, 2019, the fund’s carbon footprint was down 12 per cent from the previous year, due to improved equity selections […]
Pension investments are a key component of ensuring secure benefits for plan members upon their retirement. To celebrate the plan sponsors and pension investors who work hard to ensure strong investment outcomes, the first-ever Pension Leadership Awards recognized winners across several categories. Congratulations to all the winners. You can view highlights about the winners below: […]
A lawsuit settlement on the other side of the world is reverberating around the globe as it increases the environmental, social and governance standards for a US$41 billion pension fund and potentially encourages similar legal action elsewhere. The lawsuit, filed against the Australian Retail Employees Superannuation Trust, known as REST, by one of its members, […]
Environmental, social and governance factors are an important dimension of fundamental analysis, said Jenn-Hui Tan, global head of stewardship and sustainable investing at Fidelity International, when speaking at the Canadian Investment Review’s Investment Innovation Conference in November. Traditional fundamental analysis captures topics including financial performance, the pricing power of a company, its competitive advantages, the […]
People are increasingly viewing the world with a lens that incorporates environmental, social and governance factors, said Andrew Parry, head of sustainable investment at Newton Investment Management, when speaking at the Canadian Investment Review’s Investment Innovation Conference in November. Climate change is a prominent issue with extreme weather events becoming the normal, he said, noting […]
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 […]
A group of Canadian pension plan investment managers is calling on companies to standardize their environmental, social and governance disclosure to help them in their investment decision-making and better assess and manage their risks. Together, the eight fund managers oversee a total of about $1.6 trillion in assets and are committing to strengthening ESG disclosure within […]
The Canadian Investment Review’s Sustainable Investing Award will be presented to a pension plan that has shown leadership and/or significant progress when it comes to incorporating sustainability into the investment process. This will consider sound practices related to environmental, social and governance matters across asset classes and can include considerations related to people management within […]
The Toronto Transit Commission Pension Fund Society has been reminded of the importance of liquidity during the coronavirus pandemic, according to Sean Hewitt, the fund’s chief executive officer, during a virtual roundtable hosted by the Canadian Pension and Benefits Institute on Thursday. “COVID-19 was a really interesting test study in liquidity,” he said, noting the TTC plan […]