divestment – Benefits Canada.com

Caisse reports more than $53 billion in low-carbon assets

bwolfe — Tue, 16 Apr 2024 13:00:14 +0000

The Caisse de dépôt et placement du Québec is reporting $53 billion in low-carbon assets, including $15 billion in Quebec, representing an overall increase of $35 billion in low-carbon assets since 2017, according to the investment organization’s latest sustainable investing report. It found the investment organization has more than $330 billion in assets with a […]

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New York State Common Retirement Fund curbing oil and gas investments

bmcgovern — Tue, 26 Mar 2024 19:00:43 +0000

The New York State Common Retirement Fund is restricting its exposure in eight integrated oil and gas companies, including divesting a portion of its investment in Exxon Mobil Corp. In a press release, New York State Comptroller Thomas DiNapoli said the decision was fueled by a review of the oil companies — Guanghui Energy Company, […]

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MPs calling on government to bar pension funds from investing in Chinese companies linked to human rights abuses

lbailey — Thu, 04 Jan 2024 15:00:46 +0000

The House of Commons Special Committee studying Canada-China relations is calling on the federal government to bar Canadian pension funds from investing in Chinese companies linked to human rights abuses or that pose a threat to national security. In a report released last month, the special committee noted the Canada Pension Plan Investment Board and […]

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CPPIB CEO pitches Calgary business crowd on benefits of staying in CPP

bwolfe — Wed, 15 Nov 2023 20:00:32 +0000

As Alberta considers exiting the Canada Pension Plan, the head of the Canada Pension Plan Investment Board visited Calgary on Tuesday to warn against losing its benefits. John Graham, chief executive officer of the CPPIB, made the pitch to a business crowd at a luncheon event. In his speech, he said there’s a strong business […]

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CPPIB reports $79BN exposure to green and transition assets

bmcgovern — Tue, 24 Oct 2023 13:00:31 +0000

The Canada Pension Plan Investment Board says it will meet its goal of holding $130 billion in green and transition assets by 2030, according to a new report by the investment organization. The CPPIB’s current green asset mix was $79 billion as at March 31, 2023, up 17.9 per cent year-over-year from $66 million. “We […]

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Sustainable investments key for York University’s endowment fund

bmcgovern — Fri, 13 Oct 2023 12:53:44 +0000

According to York University’s Arijit Banik, there’s only one way forward for environmental, social and governance standards: it’s time for an evolution. The treasurer responsible for overseeing the university’s endowment fund wants to go beyond simply investing in wind and solar energies to tick a box. Instead, his investment team has pushed towards sustainable infrastructure […]

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2023 GIC coverage: How Simon Fraser University is divesting global equities of fossil fuels

Gideon Scanlon — Tue, 06 Jun 2023 11:54:25 +0000

In December 2021, Simon Fraser University announced the global equity portfolios for its non-pension related funds — valued at $450 million — would divest from fossil fuel producers. Four months later, the three members of its treasury team, which is led by Jacky Shen, treasurer and director of investment at the university, announced it had […]

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Six pension plan members share their perspectives on ESG investing

lbailey — Fri, 14 Apr 2023 12:55:43 +0000

As world markets contend with supply chain issues stemming from climate change, the coronavirus pandemic and Russia’s invasion of Ukraine, environmental, social and governance considerations are slowly taking a more prominent role in pension funds’ risk assessments. In particular, Canadian pension funds are taking a progressive approach to ESG investing. Many have become signatories of […]

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Private member’s bill prohibiting certain CPPIB investments survives first reading

Gideon Scanlon — Mon, 27 Feb 2023 20:00:23 +0000

A private member’s bill prohibiting the Canada Pension Plan Investment Board from making certain investments survived its first reading in the House of Commons. Bill C-315, submitted by New Democratic Party member Alistair MacGregor, would amend the Canada Pension Plan Investment Board Act by prohibiting investments in any entity if there are reasons to believe […]

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A look at the latest legal issues around ESG investing

bwolfe — Fri, 16 Dec 2022 13:57:37 +0000

As the University Pension Plan increases its focus on climate change, its responsible investment policy considers environmental, social and governance factors as essential to sound long-term investing. “We’ve seen a lot of evidence from a variety of service providers — from investment banks to investment managers — that have demonstrated [the climate] is getting warmer […]

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