The potential impact of a disorderly transition to a low carbon economy is a top factor driving financial market regulators to accelerate and focus their efforts on climate-related risks, said Tamara DeMos, chair of the Canadian Association of Pension Supervisory Authorities’ environmental, social and governance committee and managing director of private pensions. Speaking during the […]
Pension plan sponsors can’t ignore the financial risks of climate change or respond to them with half-baked approaches that allow companies to continue pumping out pollution. To be credible, comprehensive and complete, strategies protecting Canadians’ retirement savings from the unprecedented risks of the climate crisis must include several key elements. A Paris-aligned commitment The Paris Agreement […]
The Healthcare of Ontario Pension Plan is planning to reduce the greenhouse gas emissions of its $20 billion real estate portfolio. According to a new report on the pension fund’s website, the HOOPP is committing to reducing its real estate portfolio’s greenhouse gas emissions entirely by 2050 for assets under its control. To do this, […]
The focus on environmental, social and governance factors is a train that’s leaving the station, but some pension plan sponsors and institutional investors remain hesitant to hop aboard. Over the past decade, interest in incorporating ESG factors into investment decisions has increased. Indeed, a 2020 survey by investment consulting firm Callan found 42 per cent […]
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 […]
Bâtirente is naming Éric Filion (pictured) as chief executive officer, effective Oct. 6. He’ll take over the position from Daniel Simard, who is retiring after 25 years as CEO. Simard will remain with Bâtirente as a special management advisor until June 30, 2022. Read: Bâtirente unveils new plan to optimize investments across all funds Since 2016, […]
The Canadian Investment Review’s Sustainable Investing Award will be presented to a pension plan that has shown leadership and/or significant progress when it comes to incorporating sustainability into the investment process. This will consider sound practices related to environmental, social and governance matters across asset classes and can include considerations related to people management within […]
The Ontario Teachers’ Pension Plan is expanding its strategic relationship with Wellington Management Co. to better integrate climate science research into its investments. Wellington and the Ontario Teachers’ are collaborating with the Woods Hole Research Center, a climate-change think tank, with the goal of applying research findings when executing the Ontario Teachers’ investment strategies and […]
While many institutional investors understand that climate change poses risks to their portfolios, it can be difficult to nail down how to combat it. For a Canadian portfolio manager, looking over a selection of stocks from mining to utilities to forestry, it can be a daunting task to discern which material risks exist, said Blair […]
A few decades ago, people were concerned about the depleting ozone layer. Then, in the late 1980s, the Montreal Protocol was ratified to phase out ozone depleting substances. Fast forward to today. The ozone hole is shrinking and is expected to completely close by 2060. “That says to me that if you get policy makers, […]