The British Columbia Investment Management Corporation is expanding its proxy voting guidelines around racial diversity to cover Canadian-domiciled investee businesses. “Proxy voting is a key shareholder right and powerful tool for BCI to drive action aligned to our clients’ best interests,” said Daniel Garant, executive vice-president and global head of public markets at the BCI, […]
The Healthcare of Ontario Pension Plan and Bedford Capital are finalizing a deal to sell Edmonton-based Champion Petfoods to Ontario-based Mars Petcare Inc. Best known for its lines of confectionery products, including Mars Bars, M&Ms and Twix, Mars has built a significant portfolio of pet food brands. Following the transaction, Champion’s brands will be absorbed […]
The aggregate funded percentage of U.S. multi-employer pension plans dropped to 79 per cent in 2022, from 91 per cent in 2021, according to a new report by consulting firm Milliman Inc. It found the decrease was largely the result of significant investment losses during 2022, despite the first wave of special financial assistance funding […]
Shift Action for Pension Wealth and Planet Health is describing the Canada Pension Plan Investment Board’s acquisition of a significant stake in one of California’s largest oil producers as “alarming.” “These claims are alarming as none of the technologies mentioned offer credible pathways for meaningfully reducing Aera’s carbon emissions quickly enough or aligning Aera with CPPIB’s net-zero […]
Nearly half (46 per cent) of U.S. employees say they’re feeling burned out from their jobs, down slightly from 49 per cent in 2022, according to a new survey by Eagle Hill Consulting. The survey, which polled more than 1,000 workers, found women (58 per cent) and younger employees (51 per cent) were more likely […]
Demand for international pensions and savings vehicles is continuing to grow as employers try to optimize their benefits packages for different groups within their global workforce, according to a new survey by WTW. Its 15th annual international pension plan survey, which covered more than 1,000 international pension and savings plans sponsored by 955 organizations, found […]
Just 34 per cent of Canadian employers had boards with female representation of 40 per cent or more as of October 2022, according to a new report by MSCI Inc. The report, which analyzed more than 2,800 employers in 18 countries across the Americas and Europe, found more than a third (38 per cent) reported […]
The venture capital arm of the Ontario Teachers’ Pension Plan anticipates that a slowing global economy, interest rate hikes and limited funding opportunities will drive private equity valuations down by as much as 10 per cent in 2023, according to a new report. “So far, 2023 looks set to be another challenging year: the global […]
The Canada Pension Plan Investment Board is acquiring a 49 per cent stake in one of California’s leading fossil fuel producers. The CPPIB is securing its minority stake in Aera Energy from IKAV Energy Inc., an asset management company. Following the sale, IKAV will maintain a majority stake in the firm. Founded as a joint […]
A new report is calling on Canada to develop a sustainable finance taxonomy in order for it to reach its carbon emissions targets. “Many countries have developed, or are in the process of developing, taxonomies as a foundational tool within a broader policy framework to help mobilize and accelerate the deployment of capital to combat […]
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