fossil fuels – Benefits Canada.com

2024 Global Investment Conference: Global energy interests posing challenges to institutional investors’ net-zero targets

bmcgovern — Mon, 10 Jun 2024 11:59:47 +0000

Global powerhouses China and India will continue to heavily bet in oil and gas opportunities due to projected demand, despite the global push for green energy, said John Sitilides, senior fellow for national security at the Foreign Policy Research Institute, during the keynote session at the Canadian Investment Review’s 2024 Global Investment Conference in April. […]

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Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 24 May 2024 13:00:46 +0000

An article highlighting CGI Group’s initiatives for Mental Health Awareness Month was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. CGI Group promoting mental-health support through compassion tool, employee recognition 2. Gen Z reports worsened communication skills due to remote working, […]

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Montreal municipal employees’ pension plan promises to divest from fossil fuels, repatriate investments

bmcgovern — Tue, 21 May 2024 15:00:55 +0000

The City of Montreal, which manages the joint fund of the city’s municipal employees’ retirement plan, says it intends to withdraw all investments from fossil fuel assets, according to a report by the Canadian Press. Read: 91% of Canadian institutional investors say climate change is top ESG concern: survey “This commitment is a first concrete step […]

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New York City pension funds reach deal with RBC over clean energy funding disclosure

bmcgovern — Wed, 10 Apr 2024 19:00:13 +0000

The New York City Employees’ Retirement System, Teachers’ Retirement System and Board of Education Retirement System signed an agreement with the Royal Bank of Canada to publicly disclose its financing ratio of low-carbon energy to fossil fuels. The investment organizations are mandating RBC, as well as Citigroup Inc. and JPMorgan Chase & Co., to adhere […]

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New York City pension funds pushing RBC to disclose clean energy funding

bmcgovern — Wed, 07 Feb 2024 20:00:55 +0000

Two New York City pension funds are pushing the Royal Bank of Canada to disclose more details on its clean energy funding. The shareholder resolution filed by the New York City Employees’ Retirement System and Teachers’ Retirement System of the City of New York asks that the bank fully report a ratio of how its clean […]

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Sustainable investments key for York University’s endowment fund

bmcgovern — Fri, 13 Oct 2023 12:53:44 +0000

According to York University’s Arijit Banik, there’s only one way forward for environmental, social and governance standards: it’s time for an evolution. The treasurer responsible for overseeing the university’s endowment fund wants to go beyond simply investing in wind and solar energies to tick a box. Instead, his investment team has pushed towards sustainable infrastructure […]

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Institutional investors increasing U.S. power generation assets amid concerns of energy independence: webinar

lbailey — Thu, 07 Sep 2023 16:00:45 +0000

Amid concerns of energy independence and rising costs, institutional investors are increasing their investments in U.S. power plants and electricity-generating assets, said Aleksandar Andonov, associate professor of finance at the University of Amsterdam, during a webinar hosted by the International Centre for Pension Management. Andonov shared the results of a study he conducted in partnership […]

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2023 GIC coverage: How Simon Fraser University is divesting global equities of fossil fuels

Gideon Scanlon — Tue, 06 Jun 2023 11:54:25 +0000

In December 2021, Simon Fraser University announced the global equity portfolios for its non-pension related funds — valued at $450 million — would divest from fossil fuel producers. Four months later, the three members of its treasury team, which is led by Jacky Shen, treasurer and director of investment at the university, announced it had […]

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2023 GIC coverage: Key stakeholders urged to consider energy ROI, productivity in the sprint towards decarbonization

lbailey — Tue, 06 Jun 2023 11:47:23 +0000

When key stakeholders are examining sustainability solutions, they aren’t spending enough time on whether these solutions are actually capital efficient from energy return on investment and productivity perspectives, said Patrick Kent, portfolio manager and head of the small-cap equities team at Newton Investment Management Group, during the Canadian Investment Review‘s 2023 Global Investment Conference. The […]

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CPPIB’s annual report greenwashing investment strategies, says watchdog

Gideon Scanlon — Thu, 01 Jun 2023 16:30:40 +0000

The Canada Pension Plan Investment Board’s latest annual report greenwashes its investment strategies, according to Shift Action for Pension Wealth and Planet Health. “[A close reading] of its 2023 annual report shows Canada’s national pension manager continues to obscure its exposure to and prolongation of the fossil fuel economy while failing to understand that its […]

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