The Alberta Management Investment Co. is focusing on all three legs of the environmental, social and governance stool this year and beyond. The government-owned pension investment manager is addressing a range of ESG issues, from integrating climate risk to building a more diverse workforce to advancing its risk governance in 2021, according to its 11th […]
Stories delving into how employers and employees are dealing with returning to the workplace dominated the top stories over the past week on BenefitsCanada.com, with three of the five stories focusing on this timely topic. Here are the five most popular news stories of the week: 1. RBC focusing on mental health as hybrid work model rolls out 2. SAP […]
Whole Foods Market is offering its employees enhanced overtime and bonuses for hours worked during the busy holiday season. The grocery chain, which has 10 stores across Canada, is providing hourly store and facility employees enhanced overtime equivalent to two-times base wage and a one-time “appreciation” bonus for hours worked between Oct. 4, 2021 and […]
More than four in 10 (43 per cent) employers have implemented, started to implement or are considering climate metrics for their executive incentive plans, while another 27 per cent may consider these in the future, according to a new survey by Willis Towers Watson. The survey, which polled more than 90 North American companies, found nearly half […]
The federal government is extending the deadline for its consultations on modernizing the employment insurance program. The online survey, which was opened in August and scheduled to run until October, has been extended to Nov. 19, 2021. In a joint statement, Carla Qualtrough, the minister of employment, workforce development and disability inclusion; Pierre Laliberté, the Canada Employment […]
The economic activity from the operations of Canada’s public sector pension plans, as well as retirees spending their income from those plans, supports 877,100 jobs and 55,500 businesses, with $33.1 billion in annual wages and $21.4 billion in tax revenue, according to a new report. The report, released by the Canadian Centre for Economic Analysis and […]
A story on the maximum pensionable earnings under the Canada Pension Plan for 2022 took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. CPP maximum pensionable earnings rising to $64,900 in 2022 2. T. Rowe Price buys Oak Hill Advisors, Franklin Templeton buys Lexington Partners 3. What […]
The Ontario government is promising to expand mental-health and addictions support for frontline health and long-term care workers by investing $12.4 million over two years. In its fall economic statement, delivered Thursday, the province acknowledged the toll the coronavirus pandemic has taken on these employees’ physical and mental well-being. “The COVID‐19 pandemic has had a significant […]
The Canada Pension Plan Investment Board is part of a new joint venture that’s aiming to be one of the largest student accommodation partnerships in Europe. Alongside global real estate investment manager Round Hill Capital, the joint venture is targeting assets in excess of €1 billion and will invest in standing assets and developments across continental Europe. […]
More than 450 financial institutions across 45 countries are committing over US$130 trillion in private capital to transform the global economy to net zero over the next three decades. The Glasgow Financial Alliance for Net Zero, which was launched in April 2021, introduced 24 major initiatives for the 2021 United Nations Climate Change Conference, or […]