climate risk – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 30 Apr 2024 21:13:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 2023 Investment Innovation Conference: Equities, fixed income assets generating real returns in volatile market regime https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2023-investment-innovation-conference-equities-fixed-income-assets-still-generating-real-returns-in-volatile-market-regime/ Thu, 18 Jan 2024 12:56:39 +0000 https://www.benefitscanada.com/?p=149959 Institutional investors are preparing for a bumpy return risk space where volatility is higher for all assets and real returns are much lower than what has been the norm over the past 10 years, said Robertas Stancikas, a senior research associate of institutional solutions at AllianceBernstein, during the Canadian Investment Review‘s 2023 Investment Innovation Conference in […]

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]]> BCFSA’s climate risk guidelines could create burden on smaller pension plans, says PIAC https://www.benefitscanada.com/pensions/governance-law/bcfsas-climate-risk-guidelines-could-create-burden-on-smaller-pension-plans-piac/ Thu, 14 Dec 2023 14:00:37 +0000 https://www.benefitscanada.com/?p=148770 The Pension Investment Association of Canada is calling on the B.C. Financial Services Authority to reconsider implementing new standards for climate-related risks analysis guidelines, noting it would be extremely challenging for most pension plans to meet a potential new climate and transition risk review system. In an open letter, the PIAC recommended a principles-based approach to […]

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]]> CAPSA’s risk management guideline adaptable to changes in cybersecurity, ESG: webinar https://www.benefitscanada.com/pensions/governance-law/capsas-risk-management-guideline-adaptable-to-changes-in-cybersecurity-esg-webinar/ Mon, 11 Sep 2023 13:00:32 +0000 https://www.benefitscanada.com/?p=143197 The Canadian Association of Pension Supervisory Authorities’ new risk management guideline allows for additional flexibility amid evolving issues such as cybersecurity and environmental, social and governance considerations, said David Bartucci, head of pension regulations and regulatory effectiveness at the Financial Services Regulatory Authority of Ontario and a member of the CAPSA’s risk management committee, during […]

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]]> Research finds pensions struggle to determine metrics for ESG goals https://www.benefitscanada.com/canadian-investment-review/research-markets/research-finds-pensions-struggle-to-determine-metrics-for-esg-goals/ Tue, 05 Sep 2023 15:00:48 +0000 https://www.benefitscanada.com/?p=142886 There’s no one-size-fits-all approach for pension funds looking to use an environmental, social and governance lens in their investment approach, according to a new publication from the pension research council at the Wharton School of the University of Pennsylvania. Olivia Mitchell, a professor and executive director of the pension research council at the University of Pennsylvania’s Wharton […]

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]]> Approaches to climate scenario analysis could create challenges for investors: study https://www.benefitscanada.com/canadian-investment-review/strategies/approaches-to-climate-scenario-analysis-could-create-challenges-for-investors-study/ Tue, 25 Jul 2023 14:00:32 +0000 https://www.benefitscanada.com/?p=141356 Approaches to climate scenario analysis are currently based on “implausible” assumptions that could delay action and create fiduciary duty challenges for investors, according to a new study by the Institute & Faculty of Actuaries. Sandy Trust, head of organizational risk at M&G, a global investment manager headquartered in London, England and one of the authors […]

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]]> New York City pension funds calling for absolute GHG emission targets at RBC https://www.benefitscanada.com/canadian-investment-review/strategies/new-york-city-pension-funds-calling-for-absolute-ghg-emission-targets-at-rbc/ Wed, 25 Jan 2023 20:00:32 +0000 https://www.benefitscanada.com/?p=133043 New York City comptroller Brad Lander and three of the city’s pension funds are offering shareholder proposals calling on several banks — including the Royal Bank of Canada — to disclose absolute greenhouse gas emissions targets for 2030. The shareholder proposals, which request a report within one year, call for an absolute reduction target aligned […]

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]]> PIAC calling on CSA to ensure consistency in climate disclosure regulations https://www.benefitscanada.com/canadian-investment-review/strategies/piac-calling-on-csa-to-ensure-consistency-in-climate-disclosure-regulations/ Mon, 16 Jan 2023 14:00:21 +0000 https://www.benefitscanada.com/?p=132488 The Pension Investment Association of Canada is urging the Canadian Securities Administrators to work closely with its international counterparts to ensure consistency in regulations on climate-related disclosure. In an open letter to the Ontario Securities Commission, the PIAC called on the CSA to align its climate regulations with the U.S. Securities and Exchange Commission and […]

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]]> 2022 Risk Management Conference: Using renewable energy assets to manage risk in private markets https://www.benefitscanada.com/canadian-investment-review/alts/2022-risk-management-conference-using-renewable-energy-assets-to-manage-risk-in-private-markets/ Thu, 06 Oct 2022 11:57:30 +0000 https://www.benefitscanada.com/?p=126792 Renewable energy assets can offer a lot to institutional investors’ portfolios, serving to lower risk opportunities over the long term compared to traditional energy assets while providing similar returns, said Saad Qais, head of U.S. asset management at Greencoat Capital, during a session at the Canadian Investment Review’s 2022 Risk Management Conference. This is true […]

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]]> PIAC providing feedback on ISSB’s sustainability, climate change exposure drafts https://www.benefitscanada.com/canadian-investment-review/db-investments/piac-providing-feedback-on-issbs-sustainability-climate-change-exposure-drafts/ Thu, 04 Aug 2022 13:00:10 +0000 https://www.benefitscanada.com/?p=125005 The Pension Investment Association of Canada is providing feedback on the International Sustainability Standard Board’s exposure drafts on disclosure of financial information pertaining to sustainability and climate change. In an open letter responding to a consultation by the ISSB, the PIAC said while it supports the ISSB’s decision to build upon existing reporting frameworks — […]

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]]> Top 5 HR, benefits and pension stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-and-pension-stories-of-the-week-14/ Thu, 30 Jun 2022 13:00:29 +0000 https://www.benefitscanada.com/?p=123648 An Ontario Superior Court judge awarding $210,000 in costs against the Financial Services Regulatory Authority of Ontario was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Ontario court awards $210K in costs against FSRA in Brewers Retail pension case 2. Transition to low carbon economy […]

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