The Investment Management Corp. of Ontario is reporting that the weighted average net return of its clients’ portfolios was negative 8.1 per cent for the year ended Dec. 31, 2022, which narrowly beat its consolidated benchmark return of negative 8.4 per cent. Over the three years since assets have been managed according to the IMCO’s strategies, the annualized return […]
Over the last year, the number of large Canadian pension funds with commitments to achieving net-zero emissions by 2050 rose from two funds to nine, representing $1.8 trillion — or 81 per cent — of total pension fund assets evaluated, according to a new report by Corporate Knights. The report also found four of the […]
The Public Sector Pension Investment Board is updating its proxy voting guidelines to communicate its views on sound corporate governance practices and climate change. According to the guidelines, boards of directors at the companies in which PSP Investments invests, are expected to ensure climate risks and opportunities are integrated into their strategy and operations. They […]
An article on how working mothers are struggling with work-life balance was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Majority of Canadian working moms struggling with work-life balance: survey 2. CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements 3. How employers […]
Despite many institutional investors pressing pause on their real estate activities in the early days of the coronavirus pandemic, those that keep calm and carry on with a focus on diversification and innovation are poised to emerge as winners. “Real estate values, like other investment vehicles, can vary at different times based on shifting demand […]
The Ontario Teachers’ Pension Plan is reporting a total fund net return of four per cent for 2022, driven by strong returns from private equity and inflation-sensitive asset classes. The pension fund exceeded its benchmark of 2.3 per cent, according to a press release announcing its annual results. Its inflation-sensitive asset portfolio — including commodities […]
The Healthcare of Ontario Pension Plan is enhancing its climate change strategy to achieve net-zero emissions in its portfolio by 2050. By 2025, the HOOPP expects 80 per cent of its assets to provide reported emissions. It will also initiate a scope 3 portfolio emissions measurement and exclude new direct investments in private thermal coal […]
A new report is calling on Canada to develop a sustainable finance taxonomy in order for it to reach its carbon emissions targets. “Many countries have developed, or are in the process of developing, taxonomies as a foundational tool within a broader policy framework to help mobilize and accelerate the deployment of capital to combat […]
New York City comptroller Brad Lander and three of the city’s pension funds are offering shareholder proposals calling on several banks — including the Royal Bank of Canada — to disclose absolute greenhouse gas emissions targets for 2030. The shareholder proposals, which request a report within one year, call for an absolute reduction target aligned […]
“As the preceding presentations showed quite clearly, the climate is changing and the impact won’t have a linear correlation with temperature rises,” said Aaron Bennett, chief investment officer of the University Pension Plan, during a session at the Canadian Investment Review’s 2022 Investment Innovation Conference. This once controversial position underpinned the $11-billion multi-employer defined benefit […]