The Canada Pension Plan Investment Board reported an eight per cent return in its fiscal year ending March 31, but significantly underperformed the 19.9 per cent return of its reference portfolio. The reference portfolio, made of 85 per cent global equity and 15 per cent Canadian bonds, benefited last year from stock price surges in the […]
Three times a year, the roughly 600 employees of Friesens Corp. gather in front of the printing house to accept envelopes, each one holding a cheque for the workers’ share of company profits. They all get a cut because they’re all owners. The company, based in the small town of Altona, Man., is set up […]
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 […]
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 […]
Canadian companies are making uneven progress on efforts to make workplaces more inclusive and equitable for Black workers, according to a survey from KPMG in Canada. The survey, which polled 1,000 employed Canadians who identify as Black, found more than 80 per cent of respondents said employers are making improvements — but a similar proportion said […]
The TD Bank Group has taken significant steps toward promoting diversity, equity and inclusion, says the bank’s first racial equity audit, noting it could do more on aspects like consistency and measurement. TD was the first of Canada’s big six banks — and among the first companies in Canada — to agree to conduct such an audit […]
The Royal Bank of Canada and Bank of Montreal have committed to racial equity audits after facing pressure from shareholders. Jeff Lanthier, a spokesperson from RBC, says the bank will conduct a third-party audit of employment practices next year and another on business practices in 2025. “We remain focused on identifying and helping to address […]