Slightly more than a third (35 per cent) of U.S. institutional investors are incorporating environmental, social and governance factors into investment decisions, down from a high of 49 per cent in 2021, according to a new survey by investment consulting firm Callan. The survey, which polled more than 100 institutional investors, found 50 per cent […]
Canada’s institutional investors have reached an inflection point on Indigenous economic reconciliation, says Joseph Bastien, project manager of the Reconciliation and Responsible Investment Initiative. “There’s a greater awareness and acceptance among institutional investors that considering these issues as an opportunity and a responsibility is important. . . . Now, we’re no longer telling them about […]
To divest or not to divest — that was the question posed by Catherine Ann Marshall, principal consultant at RealAlts Inc, in a panel discussion during the Canadian Investment Review‘s 2022 Global Investment Conference in April. “When it comes to the climate transition, there’s these two basic approaches,” she said. “On one hand, we talk […]
Jesus had a fractious relationship with the financial sector of his day. For those who work at the intersection of religion and finance, the reverberations of his courtyard scuffle with a group of moneylenders remain the source of controversy. Fortunately for Derek Hurst, manager of the Pension Plan of the United Church of Canada, he […]
Norway’s largest pension fund is divesting from 14 companies involved in producing nuclear missiles and other weapons. Oslo-based KLP, which manages more than 300 billion kroner (US$35.4 billion), said it made the decision after reviewing companies that may violate its guidelines on weapons. “Those excluded are mainly companies that directly or indirectly contribute to the continuing […]
In his first public statement on Alberta Investment Management Corp.’s investment strategy, the organization’s new chief executive officer says the AIMCo won’t have a policy to divest from hydrocarbon producers. “I want to be clear in stating that we believe that divesting hydrocarbons would miss an urgent opportunity to work with the companies who’ve the […]
Two pension funds for New York City workers are pulling an estimated US$4 billion in investments from fossil-fuel companies in order to promote clean-energy use. Mayor Bill De Blasio and Scott Stringer, the city’s comptroller, announced Monday that the boards of the $91.4-billion New York City Employees’ Retirement System and the $77.4-billion New York City […]
The Ontario Teachers’ Pension Plan is committing to achieving net-zero greenhouse gas emissions by 2050. The commitment includes the establishment of concrete targets for portfolio emissions as well as increased investments in climate solutions, according to a press release, which noted the Ontario Teachers’ will also ensure portfolio companies manage and report their emissions annually. […]
An environmental coalition is appealing to Ontario teachers to pressure their pension fund to divest from companies that develop or transport fossil fuel products. In a four-minute YouTube video, a group of students from across Ontario read a letter to their teachers, asking them to push the Ontario Teachers’ Pension Plan to stop investing their […]
Acknowledging that the multi-faceted causes and consequences of climate change call for different methods, Quebec-based pension fund Bâtirente is publishing a new climate commitment. “Effectively supporting the transition to an economy that is aligned with the objectives of the Paris [Agreement] requires a multi-dimensional approach,” said Daniel Simard, the pension fund’s chief executive officer, in […]