shareholder engagement – Benefits Canada.com

IMCO increasing investments in clean energy transition assets: report

bmcgovern — Thu, 03 Oct 2024 15:00:20 +0000

The Investment Management Corp. of Ontario has increased its stake in climate solution investments to 11.5 per cent of its portfolio, equivalent to $2.1 billion, according to a new sustainability report by the investment organization. It noted the IMCO is aiming to hold $5 billion in transition assets by 2027 and to deploy 20 per cent […]

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ESG issues see declining support in shareholder voting events: AIMCo

bmcgovern — Tue, 03 Sep 2024 13:00:15 +0000

The Alberta Investment Management Corp. says there has been declining support for shareholder proposals linked to environmental and social factors, while support has increased for governance proposals centred around shareholder rights, according to the investment organization’s latest stewardship report. It cited increased scrutiny of ESG issues as a factor in the decline and noted the AIMCO […]

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Virtual-only meetings erode shareholder democracy: institutional investor group

lbailey — Fri, 19 Apr 2024 15:30:44 +0000

A group of institutional investors is voicing concerns about the rise of virtual-only shareholder meetings they say risk eroding shareholder democracy. In an open letter released Thursday, the coalition of 38 investors led by the B.C. General Employees’ Union called on S&P/TSX 60 companies to publicly disclose how they’ll ensure shareholders’ statutory and common law […]

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HOOPP enhancing climate strategy to achieve net zero by 2050

bwolfe — Tue, 14 Mar 2023 13:00:15 +0000

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 […]

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2022 Risk Management Conference: A look at two pension plan sponsors’ experiences with impact investing

Gideon Scanlon — Thu, 06 Oct 2022 11:46:16 +0000

Responsible investing covers a spectrum between simple exclusion practices to environmental, social and governance integration to thematic and impact investing, said Les Marton, managing director of bfinance Canada Inc., while moderating a panel discussion at the Canadian Investment Review‘s 2022 Risk Management Conference. The two panellists — Karen Lockridge, director of ESG investing at the […]

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Canadian pension funds calling on Amazon to review dealings with unions

bwolfe — Tue, 31 May 2022 16:30:26 +0000

Several of Canada’s largest pension funds have backed a proposal requesting that Amazon.com Inc. review how its actions against ongoing union organizing efforts align with its stated commitment to freedom of association and collective bargaining. The proposal by the Shareholder Association for Research and Education and the Catherine Donnelly Foundation was supported by the Alberta […]

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CPPIB updates proxy voting guidelines on diversity, climate issues

Gideon Scanlon — Thu, 10 Mar 2022 17:00:01 +0000

The Canada Pension Plan Investment Board is expanding the number of countries in which it will apply its most stringent board gender diversity proxy voting rules. “We have enhanced our gender diversity voting practice by expanding the countries where our 30 per threshold for female representation applies to include South Africa and New Zealand,” said […]

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The case against hedge fund activism

mschmit — Tue, 09 Apr 2019 03:23:20 +0000

While shareholder activism is a hot topic among institutional investors, where hedge funds are concerned, it doesn’t seem to have much impact on investee company profitability, according to a paper by J.B. Heaton, an independent financial economics researcher. Hedge fund activism is a great story, one that investors can wrap their heads around, says Heaton. […]

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Putting decent work on corporate agendas

mschmit — Wed, 13 Mar 2019 05:32:48 +0000

The Shareholder Association for Research and Education has filed multiple shareholder proposals related to decent work and expects to file more, with the aim of bringing this focus higher up North American companies’ corporate agendas. The term ‘decent work’ is used by the United Nations and the International Labour Organization, says Shannon Rohan, director of […]

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