socially responsible investing – Benefits Canada.com

Coverage of the 2023 DC Investment Conference

Jennifer Paterson — Mon, 06 Nov 2023 13:00:39 +0000

Since the onset of the coronavirus pandemic three years ago, the global economy has faced a bumpy ride, led by the lingering public health crisis, rising geopolitical tensions and high inflation. The 2023 Defined Contribution Investment Forum, which was held on Sept. 29 at the Ritz-Carlton Hotel in Toronto, shared thought leadership on the various […]

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Canadian responsible investments holding steady at $3 trillion AUM: survey

lbailey — Wed, 23 Nov 2022 14:00:46 +0000

Canadian investment managers had $3 trillion in assets using responsible investment strategies as of Dec. 31, 2021, down slightly from the $3.2 trillion reported in 2019, according to a survey by the Responsible Investment Association. The survey, which polled 77 asset managers and 13 asset owners, found more than nine in 10 (94 per cent) respondents are […]

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Imperial Oil shareholders defeat Bâtirente’s net-zero emissions motion

mdunne — Wed, 05 May 2021 19:00:22 +0000

The majority (86 per cent) of Imperial Oil Ltd. investors voted to defeat a shareholder resolution that the organization adopt a target to achieve net-zero carbon emissions by 2050. However, the vote held during the Calgary-based company’s virtual annual meeting exposes a rift between its parent U.S. giant Exxon Mobil Corp. — which owns 69.6 […]

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Bâtirente applauding CIBC for emissions-reduction efforts tied to investments

bwolfe — Tue, 09 Mar 2021 05:00:05 +0000

Quebec-based pension fund Bâtirente is applauding CIBC for joining the Partnership for Carbon Accounting Financials. Through the industry initiative, the bank will publish the greenhouse-gas emissions associated with its loans and investments and consider the adoption of reduction targets aligned with the Paris Agreement, according to a press release. A shareholder proposal submitted by the […]

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Pension plans focusing on streamlining ESG strategies in 2021

mschmit — Mon, 08 Feb 2021 05:00:55 +0000

Pension plans in Canada now factor environmental, social and governance monitoring in their investment process, and in the absence of national guidance, plan managers are using various tools and methods to analyze ESG risk, noted panelists of a roundtable recently hosted by The Association of Canadian Pension Management. “Considering ESG requires a balance of the investment […]

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Biden presidency accelerating shift toward sustainable investing

mschmit — Thu, 21 Jan 2021 05:00:05 +0000

TC Energy Corp. is suspending work on the Keystone XL pipeline as a growing movement to divest from fossil fuels gains momentum. Just hours after his inauguration, U.S. President Joe Biden revoked the pipeline’s presidential permit, issued by his predecessor former President Donald Trump. The energy company had recently announced plans to decarbonize the pipeline and achieve net […]

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Applying climate scenario risk analysis to DB pension plans

mschmit — Mon, 28 Dec 2020 05:00:15 +0000

Defined benefit plan sponsors are undoubtedly familiar with scenario risk analysis, but applying that concept to their portfolio’s climate risk is a whole new ballgame. Plan sponsors will need to use these risk analyses to get a handle on how exposed they are to climate change risks and opportunities decades into the future, said Alyson […]

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Bâtirente continuing to reduce carbon footprint of investments

mschmit — Thu, 10 Dec 2020 11:00:04 +0000

Quebec-based pension fund Bâtirente has reduced the carbon footprint of its equities by more than 22 per cent of its benchmark portfolios, according to the fund’s latest analysis. It also found that as of Dec. 31, 2019, the fund’s carbon footprint was down 12 per cent from the previous year, due to improved equity selections […]

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Canadian ESG-related investment assets surge to $3.2 trillion: report

mschmit — Fri, 27 Nov 2020 05:15:06 +0000

Investments that incorporate environmental, social and governance factors are growing rapidly in Canada, according to a new survey by the Responsible Investment Association. It found these investments grew from $2.1 trillion at the end of 2017 to $3.2 trillion as of Dec. 31, 2019, a 48 per cent increase in responsible investment assets under management. In […]

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Pension fund managers calling for stronger ESG disclosure

mschmit — Thu, 26 Nov 2020 04:45:31 +0000

A group of Canadian pension plan investment managers is calling on companies to standardize their environmental, social and governance disclosure to help them in their investment decision-making and better assess and manage their risks. Together, the eight fund managers oversee a total of about $1.6 trillion in assets and are committing to strengthening ESG disclosure within […]

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