greenwashing – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Wed, 20 Nov 2024 15:40:29 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 PIAC recommending flexible sustainability reporting framework for institutional investors https://www.benefitscanada.com/news/cir-news-news/piac-recommending-flexible-sustainability-reporting-framework-for-institutional-investors/ Mon, 07 Oct 2024 13:00:59 +0000 https://www.benefitscanada.com/?p=161016 The Pension Investment Association of Canada is recommending the development of a flexible framework to guide institutional investors’ sustainability reporting, while encouraging innovation and addressing greenwashing. In an open letter to the Competition Bureau, the PIAC said it would oppose any model that imposes disincentives on businesses disclosing strategy and process as it evolves. It argued that […]

The post PIAC recommending flexible sustainability reporting framework for institutional investors appeared first on Benefits Canada.com.

]]> Competition Bureau to speed development of guidance on new greenwashing rules https://www.benefitscanada.com/news/cir-news-news/competition-bureau-to-speed-development-of-guidance-on-new-greenwashing-rules/ Tue, 09 Jul 2024 19:00:05 +0000 https://www.benefitscanada.com/?p=157763 The Competition Bureau is speeding up the development of guidance on the interpretation of new provisions in the Competition Act aimed at greenwashing. The federal watchdog said it has received a large number of requests and that it will develop guidance “on an accelerated basis.” Read: Head to Head: Is it time to change the terminology […]

The post Competition Bureau to speed development of guidance on new greenwashing rules appeared first on Benefits Canada.com.

]]> Canada’s missing navigation tool in the push to lower emissions https://www.benefitscanada.com/news/cir-news-news/canadas-missing-navigation-tool-in-the-push-to-lower-emissions/ Tue, 02 Jul 2024 19:00:10 +0000 https://www.benefitscanada.com/?p=157574 It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass. The same could be said of investors trying to navigate where to put the many trillions of dollars that are […]

The post Canada’s missing navigation tool in the push to lower emissions appeared first on Benefits Canada.com.

]]> Head to Head: Is it time to change the terminology around ESG? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-is-it-time-to-change-the-terminology-around-esg/ Fri, 12 Apr 2024 12:59:40 +0000 https://www.benefitscanada.com/?p=153998 An academic says environmental, social and governance terminology should evolve alongside understanding of the concept, while a consultant favours a focus on substance over form. Amir Akbari, assistant professor of finance, McMaster University As our understanding of sustainable development evolves, so, too, should our characterization of responsible investment. For instance, consider the United Nation’s Kunming-Montreal Global […]

The post Head to Head: Is it time to change the terminology around ESG? appeared first on Benefits Canada.com.

]]> Majority of Canadian institutional investors consider climate change a top ESG focus: survey https://www.benefitscanada.com/canadian-investment-review/strategies/majority-of-canadian-institutional-investors-consider-climate-change-a-top-esg-focus-survey/ Tue, 29 Aug 2023 13:00:49 +0000 https://www.benefitscanada.com/?p=142636 A majority (98 per cent) of Canadian institutional investors consider climate change a top environmental, social and governance focus area, according to a new survey by consultancy Millani. The survey, which polled 40 institutional investors with more than $5.8 trillion in assets under management, found they also ranked diversity, equity and inclusion (45 per cent) and […]

The post Majority of Canadian institutional investors consider climate change a top ESG focus: survey appeared first on Benefits Canada.com.

]]> CPPIB’s annual report greenwashing investment strategies, says watchdog https://www.benefitscanada.com/canadian-investment-review/strategies/cppibs-annual-report-greenwashing-investment-strategies-says-watchdog/ Thu, 01 Jun 2023 16:30:40 +0000 https://www.benefitscanada.com/?p=139161 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 […]

The post CPPIB’s annual report greenwashing investment strategies, says watchdog appeared first on Benefits Canada.com.

]]> Watchdog accusing CPPIB of greenwashing acquisition of oil company https://www.benefitscanada.com/canadian-investment-review/public-equities/watchdog-accusing-cppib-of-greenwashing-acquisition-of-oil-company/ Thu, 09 Mar 2023 17:00:32 +0000 https://www.benefitscanada.com/?p=135127 Shift Action for Pension Wealth and Planet Health is describing the Canada Pension Plan Investment Board’s acquisition of a significant stake in one of California’s largest oil producers as “alarming.” “These claims are alarming as none of the technologies mentioned offer credible pathways for meaningfully reducing Aera’s carbon emissions quickly enough or aligning Aera with CPPIB’s net-zero […]

The post Watchdog accusing CPPIB of greenwashing acquisition of oil company appeared first on Benefits Canada.com.

]]> Institutional investors increasing allocations to real assets amid inflation, sustainability challenges: survey https://www.benefitscanada.com/canadian-investment-review/strategies/institutional-investors-increasing-allocations-to-real-assets-amid-inflation-sustainability-challenges-survey/ Thu, 26 Jan 2023 14:00:23 +0000 https://www.benefitscanada.com/?p=133042 Nearly two-thirds of institutional investors say they’re planning to increase their allocations to real assets over the next two years, amid a backdrop of inflation and sustainability challenges, according to a survey by Aviva Investors. The survey, which polled 500 institutional investors from around the world, found nearly half (47 per cent) said they have […]

The post Institutional investors increasing allocations to real assets amid inflation, sustainability challenges: survey appeared first on Benefits Canada.com.

]]> 2022 IIC coverage: Using AI to eliminate greenwashing and generate sustainable alpha https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2022-iic-coverage-using-ai-to-eliminate-greenwashing-and-generate-sustainable-alpha/ Mon, 16 Jan 2023 12:49:09 +0000 https://www.benefitscanada.com/?p=130685 Since interpretations of environmental, social and governance investing can vary, institutional investors can leverage artificial intelligence tools to strip away the noise and reveal data sets required to eliminate greenwashing and generate sustainable alpha, said Andy Moniz, senior vice-president and director of responsible investing at Acadian Asset Management, during the Canadian Investment Review’s 2022 Investment […]

The post 2022 IIC coverage: Using AI to eliminate greenwashing and generate sustainable alpha appeared first on Benefits Canada.com.

]]> A look at the latest legal issues around ESG investing https://www.benefitscanada.com/archives_/benefits-canada-archive/a-look-at-the-latest-legal-issues-around-esg-investing/ Fri, 16 Dec 2022 13:57:37 +0000 https://www.benefitscanada.com/?p=131033 As the University Pension Plan increases its focus on climate change, its responsible investment policy considers environmental, social and governance factors as essential to sound long-term investing. “We’ve seen a lot of evidence from a variety of service providers — from investment banks to investment managers — that have demonstrated [the climate] is getting warmer […]

The post A look at the latest legal issues around ESG investing appeared first on Benefits Canada.com.

]]>