ESG criteria – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 02 May 2024 20:20:47 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Majority of TSX companies aren’t meeting sustainability risk disclosure standards: report https://www.benefitscanada.com/canadian-investment-review/research-markets/majority-of-tsx-companies-arent-meeting-sustainability-risk-disclosure-standards-report/ Thu, 12 Oct 2023 15:00:13 +0000 https://www.benefitscanada.com/?p=145175 About a third (34 per cent) of the companies on the S&P/TSX composite index are meeting the reporting requirements for environmental, social and governance standards by disclosing the metrics of all of their sustainability related risks and opportunities, according to a new report by consultancy Millani. The report, which reviewed ESG standards in Canadian public companies, […]

The post Majority of TSX companies aren’t meeting sustainability risk disclosure standards: report appeared first on Benefits Canada.com.

]]> Majority of Canadian institutional investors consider climate change a top ESG focus: survey https://www.benefitscanada.com/canadian-investment-review/strategies/majority-of-canadian-institutional-investors-consider-climate-change-a-top-esg-focus-survey/ Tue, 29 Aug 2023 13:00:49 +0000 https://www.benefitscanada.com/?p=142636 A majority (98 per cent) of Canadian institutional investors consider climate change a top environmental, social and governance focus area, according to a new survey by consultancy Millani. The survey, which polled 40 institutional investors with more than $5.8 trillion in assets under management, found they also ranked diversity, equity and inclusion (45 per cent) and […]

The post Majority of Canadian institutional investors consider climate change a top ESG focus: survey appeared first on Benefits Canada.com.

]]> New report highlights BCI’s 2022 ESG achievements https://www.benefitscanada.com/canadian-investment-review/strategies/new-report-highlights-bcis-2022-esg-achievements/ Thu, 27 Apr 2023 16:30:20 +0000 https://www.benefitscanada.com/?p=137081 The British Columbia Investment Management Corp. is leveraging its size and influence to drive environmental, social and governance improvements across its portfolio, according to the investment organization’s 2022 ESG annual report. “We believe, as do our clients, that ESG matters, makes a difference and translates to meaningful distinctions in a company’s ability to generate long-term […]

The post New report highlights BCI’s 2022 ESG achievements appeared first on Benefits Canada.com.

]]> Six pension plan members share their perspectives on ESG investing https://www.benefitscanada.com/archives_/benefits-canada-archive/six-pension-plan-members-share-their-perspectives-on-esg-investing/ Fri, 14 Apr 2023 12:55:43 +0000 https://www.benefitscanada.com/?p=136285 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 […]

The post Six pension plan members share their perspectives on ESG investing appeared first on Benefits Canada.com.

]]> Biden vetos resolution to bar ESG investing in state pensions https://www.benefitscanada.com/pensions/governance-law/biden-vetos-resolution-to-bar-esg-investing-in-state-pensions/ Thu, 23 Mar 2023 16:30:51 +0000 https://www.benefitscanada.com/?p=135561 A resolution to reverse a rule allowing U.S. pension investors to consider environmental, social and governance criteria has been blocked by President Joe Biden. “It would put at risk the retirement savings of people across the country,” the president said after issuing his first-ever veto. Through the office’s veto power, a president may block any […]

The post Biden vetos resolution to bar ESG investing in state pensions appeared first on Benefits Canada.com.

]]> Report finds diverse asset managers linked to higher investment returns https://www.benefitscanada.com/news/bencan/report-finds-diverse-asset-managers-linked-to-higher-investment-returns/ Mon, 13 Mar 2023 13:00:56 +0000 https://www.benefitscanada.com/?p=135190 Investment teams in the top quartile of gender diversity outperform the bottom quartile by 45 basis points yearly in terms of net excess returns, according to a new report by WTW. The report, which analyzed data from more than 1,500 investment strategies and more than 400 asset management firms, found while 80 per cent of […]

The post Report finds diverse asset managers linked to higher investment returns appeared first on Benefits Canada.com.

]]> Private member’s bill prohibiting certain CPPIB investments survives first reading https://www.benefitscanada.com/pensions/governance-law/private-members-bill-prohibiting-certain-cppib-investments-survives-first-reading/ Mon, 27 Feb 2023 20:00:23 +0000 https://www.benefitscanada.com/?p=134379 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 […]

The post Private member’s bill prohibiting certain CPPIB investments survives first reading appeared first on Benefits Canada.com.

]]> 2022 Risk Management Conference: Institutional investors have a fiduciary duty to assess, mitigate climate-related risks https://www.benefitscanada.com/canadian-investment-review/strategies/2022-risk-management-conference-institutional-investors-have-a-fiduciary-duty-to-assess-mitigate-climate-related-risks/ Thu, 06 Oct 2022 11:55:45 +0000 https://www.benefitscanada.com/?p=126279 The climate crisis puts the security of workers’ retirements at stake, said Patrick DeRochie, senior manager at Shift Action for Pension Wealth and Planet Health, during a session at the Canadian Investment Review‘s 2022 Risk Management Conference. Pension plan sponsors’ investment decisions and their ability to achieve adequate returns for their members depends on a […]

The post 2022 Risk Management Conference: Institutional investors have a fiduciary duty to assess, mitigate climate-related risks appeared first on Benefits Canada.com.

]]> Florida introducing resolution barring ESG integration by state pension fund managers https://www.benefitscanada.com/canadian-investment-review/strategies/florida-resolution-barring-esg-integration-by-state-pension-fund-managers/ Thu, 25 Aug 2022 17:00:38 +0000 https://www.benefitscanada.com/?p=126030 A resolution passed by the trustees of the Florida State Board of Administration with the approval of Governor Ron DeSantis is barring state pension fund managers from making fiduciary decisions based on environmental, social and governance criteria. “As used in this section, ‘pecuniary factor’ means a factor that the board prudently determines is expected to […]

The post Florida introducing resolution barring ESG integration by state pension fund managers appeared first on Benefits Canada.com.

]]> CIFSC releases responsible investment framework for Canadian funds https://www.benefitscanada.com/canadian-investment-review/strategies/cifsc-releases-responsible-investment-framework-for-canadian-funds/ Thu, 07 Jul 2022 15:00:39 +0000 https://www.benefitscanada.com/?p=123973 The Canadian Investment Funds Standards Committee is releasing the final framework it will use to identify investment funds that disclose adopting responsible investing strategies. “Given the rapidly developing nature of global [environmental, social and governance]-related and sustainable investing frameworks, the CIFSC’s intent is not to further complicate the global or Canadian landscape but, rather, to […]

The post CIFSC releases responsible investment framework for Canadian funds appeared first on Benefits Canada.com.

]]>