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OMERS’ real estate arm developing French laboratories, PSP-backed firm investing in Tokyo data centre

The real estate arm of the Ontario Municipal Employees’ Retirement System is entering a long-term strategic partnership to develop commercial laboratories in France. In the agreement it reached with French urban investor and developer NoVaxia Inc., the Oxford Property Group will co-manage approximately €1 billion ($1.4 billion) in assets which will be invested in life sciences […]

  • May 24, 2022 May 24, 2022
  • 13:00

Just 1% of institutional investors remain ESG non-adopters: survey

Only one per cent of institutional investors described their organizations as non-adopters of environmental, social and governance investing criteria, according to a survey from Capital Group. The survey, which polled 1,100 institutional investors working around the world, found two-thirds of institutional investors that hadn’t adopted ESG strategies a year ago have now done so. Another 10 per […]

  • May 24, 2022 May 24, 2022
  • 12:30

Ontario Teachers’ real estate arm adopting carbon reduction targets

Cadillac Fairview is adopting a series of sustainable investing goals to help its portfolio achieve carbon neutrality by 2050. The real estate arm of the Ontario Teachers’ Pension Plan announced it would achieve net-zero emissions in its $35-billion portfolio before 2050 in stages. During the first stage, it aims to reduce its portfolio’s carbon emissions […]

  • May 24, 2022 May 24, 2022
  • 12:30

Hitachi, Unifor agreement includes DB, DC pension increases, enhanced health benefits

The union representing employees at a Hitachi Construction Truck Manufacturing Ltd. plant in Guelph, Ont. has ratified an agreement that includes pension and benefits gains. Unifor Local 1917 Hitachi unit members voted 95 per cent in favour of the three-year collective agreement, which includes a $0.25 contribution increase to the defined benefit pension plan, from […]

  • May 24, 2022 June 22, 2022
  • 09:00

Top 5 HR, benefits and pension stories of the week

A decision by a British Columbia labour arbitrator on how a drug cost-control program violated a collective agreement was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Implementation of drug cost-control program violated collective agreement: arbitrator 2. Employers seeking to withhold termination entitlements must prove […]

  • May 20, 2022 May 20, 2022
  • 09:00

Employee recognition key to retaining talent: survey

Half (53 per cent) of employees who believe their work isn’t authentically recognized by their employer are actively looking for a new job, compared to 27 per cent who believe their employer’s recognition is authentic, according to a survey by Gallup Inc. for software company Workhuman. The survey, which polled more than 7,000 U.S. employees, […]

  • May 19, 2022 May 19, 2022
  • 15:00

OMERS acquiring alternative energy group, AIMCO receiving shares in drilling company

The Ontario Municipal Employees Retirement System is entering a partnership to acquire a Dutch energy firm. The Algemene Pensioen Groep, a Dutch pension plan, and the infrastructure arm of the OMERS have reached an agreement to jointly acquire Groendus Group from NPM Capital Partners. Based in the Netherlands, Groendus is an energy transition platform created in […]

  • May 19, 2022 May 19, 2022
  • 12:00

77% of employees believe remote, hybrid working improves well-being: survey

Three-quarters (77 per cent) of employees believe remote and hybrid working has improved their overall well-being, according to a survey by Cisco Systems Inc. The survey, which polled 28,000 full-time employees across the globe, found six in 10 employees who switched to remote working during the coronavirus pandemic reported improvements in their quality of work (61 […]

  • May 19, 2022 May 18, 2022
  • 09:00

Coalition publishes model investment contracts to enforce plan ESG guidelines

The Pension Fund Coalition is publishing a set of generic contracts aimed to help plan sponsors in establishing minimum environmental, social and governance criteria with asset managers. The model contracts are designed to be flexible across a range of scenarios, approaches and asset classes, according to a press release, which noted although the coalition is […]

  • May 19, 2022 May 18, 2022
  • 08:55

AIMCo appoints Krista Pell as chief HR officer

The Alberta Investment Management Corp. is appointing Krista Pell as its chief human resources officer. In the new role, Pell will lead the AIMCo’s HR functions, which will involve advancing its global recruitment strategy to attract and retain top talent, according to a press release. She’s also responsible for supporting the institutional investor’s diversity, equity […]

  • May 19, 2022 May 18, 2022
  • 08:00