While investing sustainably is still a relatively minor factor in institutional investment decisions, global investors expect it to continue to grow in importance, according to new research by Schroders. “Investors clearly recognize that investing sustainably is going to be more and more important going forward, but this approach is yet to sit at the heart of their […]
Institutional investors that are integrating environment, social and governance factors into their decision-making process are taking note of Facebook Inc.’s latest troubles. Back in March, MSCI Inc. downgraded Facebook’s ESG ranking from BBB to BB. Its less-than-stellar rating of BBB before the downgrade was due to what MSCI called “long-standing concerns . . . with […]
Aon has developed a ratings system to more closely scrutinize how fund managers integrate environmental, social and governance issues into their investment strategies. The system begins with a proprietary questionnaire, followed by an examination of the manager’s responsible investing policy, should one exist, as well as its active ownership actions, stewardship policies and its ability to demonstrate how it’s previously applied the […]
The Caisse de dépôt et placement du Québec has purchased 5.84 million additional shares in SPIE, a European multi-technical services provider. The investment, which totals more than $151 million, is in addition to shares the Caisse has been adding to since 2011, bringing its total investment in the company to more than $422 million. Read: Caisse posts […]
The Public Sector Pension Investment Board, alongside Pattern Energy Group Inc., is completing the acquisition of a wind power facility about 50 kilometres south of Quebec City. Pattern Energy, which will operate the facility, has taken on a 51 per cent interest for about $52 million, with the PSP taking on the remaining 49 per cent. […]
The majority of impact investors said their investments have met their expectations for both impact (82 per cent) and financial (76 per cent) performance since inception, according to a report by the Global Impact Investment Network. The report, which surveyed 229 investment stakeholders, including pension funds, insurance companies, fund managers and foundations, also found 50 per cent of survey participants made […]
Very few American pension funds are incorporating environmental, social and governance issues, according to a new survey by NEPC Investment Consultants. Just 12 per cent of participants said they’re incorporating ESG factors into their investment manager selection process, while 59 per cent said they aren’t and 29 per cent said they aren’t but they’re interested in doing so. The majority […]
With the growth of investment strategies focusing on socially responsible investing, there are many angles for institutional investors to consider. A new report by Cambridge Associates indicated investors putting dollars to work with racial equity in mind will gain an advantage in the long term. While the report noted there are many potential definitions for social equity investing, it defines the […]
Cambridge Associates is adding Jasmine Richards as senior investment director and manager of diversity. The role, based in Boston, will involve leading the firm’s search to identify institutional-quality investment managers, in all public and private asset classes, helmed by diverse leaders, in particular women and people of colour, according to a press release. “We believe that strong investment performance […]
Climate Action 100+ is ramping up its action on climate change by highlighting a further 61 companies for institutional investors to focus on. The group is comprised of 225 global investors with more than US$26 trillion in assets under management, including several Canadian pension funds, such as the British Columbia Investment Management Corp., the British Columbia Municipal […]