The Caisse de dépôt et placement du Québec is committing a $50-million loan to a group of solar energy systems set up by California-based Sunrun Inc. The loan is part of a $302-million senior secured credit facility closed by Sunrun on Oct. 20, 2017. The U.S. solar energy company handles the entire process from design to sale and installation […]
The Caisse de dépôt et placement du Québec is loaning $150 million to Innergex Renewable Energy Inc., a Quebec-based renewable energy company. Among Innergex’s ventures are hydroelectric power plants, wind and solar farms, which it owns and operates. The company also announced its acquisition of Alterra Power Corp., a Vancouver-based renewable power generation company that operates in North America and in […]
Two-thirds of institutional investors consider environmental, social and governance factors, according to a survey conducted by RBC Global Asset Management Inc. The survey, which questioned 434 institutional asset owners and investment consultants in Canada, the United States and Europe, found that of the two-thirds that do consider such factors, 25 per cent intend to boost their allocations to managers […]
A group of 30 Canadian and international pension funds and financial institutions have released a joint declaration that implores publicly traded companies in Canada to commit to disclose more information about their exposure to the risks of climate change and the measures undertaken to manage them. The 30 signatories — which include Bâtirente, the Caisse de dépôt et […]
Six of Canada’s largest pension funds have been ranked among the world’s most responsible institutional investors. The ranking, by the Bretton Woods II program at U.S. think tank New America, was developed in partnership with the Global Development Incubator and the Fletcher School of Law and Diplomacy at Tufts University. It analyzed 125 pension and sovereign […]
The Caisse de dépôt et placement du Québec will now be factoring climate change into every investment decision it makes, setting out targets and actions to reduce its carbon footprint and seize profitable investment opportunities. The components of the strategy are three-fold, according to the pension fund. First, it will consider the fight against climate […]
As pension plans grapple with what to do about environmental, social and governance factors, Quebec-based fund Bâtirente offers some guidance on the options available. It formalized its approach in 2005, the year before the United Nations laid out its six principles for responsible investment. Bâtirente is one of the original signatories of the principles. “I […]
With the world in flux amid rising concerns about hurricanes, flooding and wildfires, how will institutional investors rise to the challenges climate change presents? And what opportunities exist along the way? Understanding physical risk Climate change affects every industry worldwide, says Sanjay Wagle, managing director at the Lightsmith Group, an investment firm focused on environmental, […]
FSCO report shows pensions lag in reporting.
While compliance with requirements to file statements of investment policies and procedures has reached 94 per cent in Ontario, only 34 per cent of the filers incorporate environmental, social and governance factors into them. The numbers are from a new report by the Financial Services Commission of Ontario. But Hugh O’Reilly, president and chief executive […]