The impact of climate change risks is increasing as a significant concern for global asset owners, according to a new survey from FTSE Russell. The survey, which polled more than 400 asset owners across 24 countries, found 85 per cent said climate risk is a major concern for them, up from 76 per cent in […]
The University Pension Plan is managing material climate risks by considering prospective investments through a climate-related impact lens, according to a new report by the investment organization. In its latest climate action plan, the UPP reemphasized its commitment to net-zero portfolio emissions by 2040 and to allocate at least $1.2 billion to climate solution investments […]
The Canadian Securities Administrators admitted its decision to pause the development of a climate-related disclosure mandate for public issuers is intended to be temporary and wants to bring it back, said Grant Vingoe, chief executive officer at the Ontario Securities Commission. Last week, regulatory leaders across Canada met to find common ground against the current […]
Canada’s largest pension fund is being sued by four young Canadians who claim the Canada Pension Plan Investment Board is failing to properly manage climate-related financial risk. The four allege in a lawsuit filed in the Ontario Superior Court of Justice on Monday that the investment manager for the Canada Pension Plan is breaching its […]
Canadian companies are falling behind in their competitiveness by not preparing credible climate transition plans, according to a new report from Business Future Pathways. The inaugural report from a new working group, with leading Canadian pension fund representatives, found corporate transition plans can help businesses prepare for climate disruptions but aren’t being developed and published. […]
Canadian financial institutions appear ready to absorb projected potential losses from physical and transition risks caused by climate change, according to a new report by the Autorité des marchés financiers and the Office of the Superintendent of Financial Institutions. The report, which engaged more than 250 financial institutions in Canada, found organizations are prepared for […]
The British Columbia Investment Management Corp. participated in 2,225 global meeting voting sessions during the 2025 proxy season, according to its new stewardship report. As part of its effective stewardship approach and advancement of environmental, social and governance policies, the investment organization engaged 176 portfolio companies to address material risks and opportunities. It achieved its […]
Some of Canada’s largest institutional investors are looking for comprehensive and realistic climate transition plans from investees as part of an extensive due diligence process. However, Jennifer Coulson, global head of environmental, social and governance at the British Columbia Investment Management Corp. says these plans aren’t yet the norm, adding investors are working directly with […]
Peter Shaker’s job requires him to stay connected with the financial world, its economic movement and any developing investment trends — mainly, what’s making people nervous these days. “A lot of it is keeping up to date with what’s going on in the world, economic trends, investment trends, what’s scaring people, what’s keeping people somewhat […]
A global accounting standards organization is releasing a new reporting model for corporations looking to add climate-related consideration disclosures. The International Financial Reporting Standards Foundation released an early version of their new disclosure program designed to support timely and informed application of corporate sustainability with real life examples. Indeed, the new program is designed to […]