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 […]
To reach 2050 net-zero targets, investment volume in U.S. and European clean power markets has to be scaled on an annualized basis from now until 2030, said Daniel Sausmikat, partner of origination and execution at InfraRed Capital Partners, during the Canadian Investment Review‘s 2024 Global Investment Conference held in April. However, progress isn’t going to […]
Driven by the net-zero pledge towards green investments, institutional investors are finding themselves uncomfortably wedged between a rock and a hard place. If they invest exclusively in green assets and earn lower returns than the broader stock market benchmark, as was the case in 2023 for environmental, social and governance funds, they’re criticized for underperforming. […]
The Canada Pension Plan Investment Board earned an eight per cent return last year but significantly underperformed the 19.9 per cent return of its reference portfolio. The lower return can be explained in part by higher volatility in the stock-focused benchmark portfolio compared with the diversified, long-term return focus for the pension fund, says John Graham, the […]
Greenhushing — the withholding of sustainability milestones and other environmental investment goals by institutional investors and investee companies — is a trend that could already be on the way out, says Mary Jane McQuillen, head of environmental, social and governance investing at ClearBridge Investments, a subsidiary of Franklin Templeton Investments. The effects of greenhushing are expected […]
Vestcor Corp. is reporting a 7.5 per cent return for 2023, despite the challenges of rising inflation and high interest rates. The New Brunswick-based investment organization achieved five- and 10-year annualized returns of 6.27 per cent and 6.73 per cent, respectively. In a press release, Vestcor noted these returns ensure its clients continue meeting their […]
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 […]
Canada’s largest public pension funds are showing modest improvements on climate action but are moving too slowly overall, according to a new report by a climate advocacy group. The progress report from Shift Action for Pension Wealth and Planet Health found four of the 11 pension plans it examined still don’t have emissions reduction targets […]
A majority (91 per cent) of Canadian institutional investors say climate change is a leading concern within the environmental, social and governance space, according to a new survey by Millani. The survey, which polled more than 30 institutional investors with a total of $4.5 trillion in assets under management, found 47 per cent of respondents also […]
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 […]