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In 2023, a fifth (20 per cent) of board positions across the globe were filled by individuals that belong to historically underrepresented groups or ethnicities, with nearly a third within their first two years of tenure, according to a report by McKinsey & Company. The report, which polled more than 1,200 companies across 23 countries, […]

  • By: Staff
  • February 29, 2024 February 28, 2024
  • 09:00
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A story about the B.C. Lottery Corp.’s new inclusive holiday program was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week. 1. BCLC allowing employees to swap statutory holidays for personal, cultural days of significance 2. My Take: Obesity should be treated like […]

  • By: Staff
  • January 5, 2024 January 4, 2024
  • 09:00
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Among Canadian companies providing disclosure for 2023, women held 29 per cent of board seats, up from 26 per cent in 2022, according to Osler Hoskin & Harcourt LLP’s latest diversity report. The report tracked companies subject to the Canada Business Corporations Act that disclosed the number of women, Indigenous peoples and visible minorities represented […]

  • By: Staff
  • October 16, 2023 October 13, 2023
  • 09:00

Considering women account for just over half of the population, Andrew MacDougall understands why — taken in isolation — the state of female representation at the top level of Canada’s public companies can seem a little underwhelming. According to the most recent round of disclosures, around 34 per cent of seats on the boards of […]

The Caisse de dépôt et placement du Québec is on track to have a net-zero portfolio by 2050, according to the organization’s latest sustainable investing report. In 2022, the carbon intensity of the Caisse’s portfolio was 53 per cent lower than its 2017 baseline level, a four per cent improvement over the previous year. As […]

  • By: Staff
  • April 18, 2023 April 18, 2023
  • 12:30
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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, […]

  • By: Staff
  • March 9, 2023 March 9, 2023
  • 12:45

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 […]

  • By: Staff
  • March 8, 2023 March 7, 2023
  • 09:00
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Experts say commitments to tackle racism in the workplace haven’t been met with enough action, as survey findings released this week found more than 70 per cent of Black Canadians still experience racism or microaggressions on the job. The survey by KPMG in Canada, which polled more than 1,000 self-identifying Black employees, found while a […]

Enbridge Inc. is making steady progress on workforce representation goals that it established after signing the BlackNorth Initiative pledge in 2020. Since then, the energy company has increased workforce representation of specific ethnic and racial groups to 23 per cent, towards a goal of 28 per cent by 2025. It’s also aiming to increase board […]

  • By: Sadie Janes
  • February 24, 2023 February 24, 2023
  • 09:00
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The Ontario Teachers’ Pension Plan is setting higher expectations for increased participation of women in board roles at large-cap companies in 2023. The pension fund’s proxy voting guidelines advocate for large-cap companies on developed market indices to increase the number of women directors on their boards to a minimum of 40 per cent, up from […]

  • By: Staff
  • January 24, 2023 January 24, 2023
  • 09:00