sustainability – Benefits Canada.com

Canadian pension leaders urging sustainability regulator to modify new disclosure guidelines

bmcgovern — Thu, 18 Jul 2024 13:00:01 +0000

In an open letter, leaders from Canada’s biggest pension funds are asking the Canadian Sustainability Standards Board to reconsider a two-year relief period granted to companies around non-climate disclosures. “Where sustainability-related factors are material, they have the potential to present material financial impacts to companies’ performance and is important information for boards and investors,” read […]

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Competition Bureau to speed development of guidance on new greenwashing rules

bmcgovern — Tue, 09 Jul 2024 19:00:05 +0000

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 […]

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Canada’s missing navigation tool in the push to lower emissions

bmcgovern — Tue, 02 Jul 2024 19:00:10 +0000

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 […]

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CSSB’s climate risk disclosure standards should align with ISSB’s, with only Canadian-specific modifications: PIAC

bmcgovern — Thu, 20 Jun 2024 13:00:00 +0000

The Pension Investment Association of Canada supports closely aligning the Canadian Sustainability Standards Board disclosure standards with the International Sustainability Standards Board’s requirements but recommends it only make necessary Canadian-specific modifications to the guidance. In an open letter to the CSSB, the PIAC noted alignment between financial and sustainability reporting supports “a connectivity that is essential […]

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Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 05 Apr 2024 13:00:29 +0000

An article on considerations for plan sponsors ahead of the rollout of a new generation of obesity drugs was the most-read article on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. What plan sponsors should know ahead of rollout of new obesity drugs in Canada 2. What’s […]

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New ISSB guidelines aligning institutional investors globally on sustainability, climate-related disclosures

bmcgovern — Tue, 02 Apr 2024 13:00:12 +0000

With the introduction of new sustainability and climate disclosure guidelines — IFRS S1 and IFRS S2 — from the International Sustainability Standard Board in January, institutional investors now have the opportunity to gain alignment in measuring environmental, social and governance risks associated with their investment portfolios. Read: Research finds pensions struggle to determine metrics for ESG […]

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91% of Canadian institutional investors say climate change is top ESG concern: survey

bmcgovern — Tue, 13 Feb 2024 20:00:46 +0000

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 […]

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AIMCo considers buying Trans Mountain pipeline stake, Caisse integrates real estate subsidiaries

bmcgovern — Fri, 26 Jan 2024 20:00:09 +0000

The Alberta Investment Management Corp. is considering purchasing a stake in the Trans Mountain pipeline, according to a report by BNN Bloomberg. “We have an active file on Trans Mountain,” said Evan Siddall, chief executive officer at the AIMCo, in the report. “We would look at it. The government knows that and we’re keeping track of the situation.” […]

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Ontario Teachers’ making key appointments to executive team

bmcgovern — Fri, 12 Jan 2024 20:00:21 +0000

The Ontario Teachers’ Pension Plan is making four key appointments to its executive team, effective immediately. The investment organization has appointed Stephen McLennan as chief investment officer of asset allocation and Gillian Brown as CIO of public and private investments, as well as Jonathan Hausman as chief strategy officer and Nick Jansa as executive managing director. Read: […]

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Rising bond yields, frontier markets top of mind for institutional investors in 2024: expert

bmcgovern — Thu, 21 Dec 2023 14:00:43 +0000

The progression of bonds and frontier markets over the long term will be top of mind for institutional investors in the coming year, according to Andrew Forsyth, senior vice-president of institutional investment services at Franklin Templeton. Fixed income may be in the good graces of institutional investors again as higher bond yields lead the way […]

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