Limiting global warming is essential to institutional investors, according to a new report by Mercer Canada. The report models three different scenarios, examining the impact of average warming of two, three and four degrees Celsius over three timeframes: 2030, 2050 and 2100. For both investors and the planet, limiting warming to two degrees is ideal, […]
After exceeding its target for low-carbon assets in 2018, the Caisse de dépôt et placement du Québec is now aiming to boost its low-carbon holdings to $32 billion by 2020, according to its second annual stewardship investing report. In 2017, the pension fund started with $18 billion in low-carbon assets in its portfolio and raised that to […]
One of the Caisse de dépôt et placement du Québec’s investment priorities is addressing climate change, said Stephen Kibsey, the plan’s vice-president of emerging risks, speaking at the CFA Society Toronto’s annual spring pension conference on March 28. Specifically, the Caisse has a plan to reduce its portfolio’s total carbon intensity across all asset classes […]
The British Columbia Investment Management Corp. said on April 4, 2019 it will vote against the proposed merger of Goldcorp Inc. and Newmont Mining Corp., highlighting its disapproval of a $US12 million retirement allowance for Goldcorp’s chair. “The retirement allowance is almost triple the previously disclosed entitlement of US$4.5 million,” said the BCI in a […]
Although the Canadian Association of Pension Supervisory Authorities’ has yet to release its draft 2019-2022 strategic plan publicly, the Pension Investment Association of Canada has released comments on the draft. Specifically, the PIAC highlighted its support for finalizing an agreement respecting multi-jurisdictional pension plans as an appropriate top priority for the CAPSA. It also encouraged […]
Many investors believe the end of the current economic cycle is coming, according to Invesco’s latest global fixed income survey. While 49 per cent of respondents said they expect the current cycle to last one or two more years, a slim majority (52 per cent) of North American investors said it will end earlier. Investors in […]
In response to the International Organization of Pension Supervisors’ request for comments on developing guidance for pension funds around environmental, social and governance issues, the Pension Investment Association of Canada is suggesting some changes and calling for the removal of one of the draft guidelines. The PIAC noted the potential financial impact caused by ESG factors makes it […]
The Shareholder Association for Research and Education is joining the College of Applied Arts and Technology’s new DBPlus pension plan. “As a small, non-profit organization, it’s difficult for us to access the kinds of plans that have traditionally been available to larger organizations,” says Kevin Thomas, executive director of the SHARE. “So, like other non-profits, […]
While the pension industry is interested in environmental, social and governance factors, that isn’t translating into action when it comes to incorporating ESG funds into defined contribution plans’ investment options, according to a new report by Cerulli Associates. The report found, ESG-oriented investment options aren’t becoming too popular in the U.S. for three key reasons: fee […]
In 2017, New Jersey’s Police and Firemen’s Retirement System took a closer look at its investment in Nike Inc. following an advertising campaign featuring former National Football League player Colin Kaepernick, who had ignited controversy in 2016 by taking a knee during a pre-game national anthem in protest of the police treatment and killings of […]