As sustainable investing continues to gain widespread acceptance among institutional investors, full integration is projected to surge in the next five years, according to a new study conducted by Coalition Greenwich and commissioned by AGF Investments. It found nine in 10 institutional investors in North America and Europe expect to be investing sustainably or working […]
Working and retired public sector employees from across Canada are calling on the federal government to remove Miranda Hubbs, director of Imperial Oil Ltd., from the board of the Public Sector Pension Investment Board with cause. In a letter sent to Prime Minister Justin Trudeau and his cabinet today, 39 PSP Investments’ members and retirees […]
The leaders of 11 of Canada’s largest public sector pension investment organizations are calling on companies to adopt a new framework that would consolidate existing disclosure standards, including those from the sustainability accounting standards board and the task force on climate-related financial disclosures. The framework, which was set out by the International Sustainability Standards Board, […]
Environmental, social and governance investing is a powerful tool that can reveal systemic issues impacting all parts of institutional investors’ portfolios, said Aaron Bennett, chief investment officer of the University Pension Plan, during the 2023 Responsible Investment Association conference last week. Some of these issues can accrue over time — and, when they finally manifest, they can […]
Proxy voting is playing a bigger role in institutional investors’ environmental, social and governance strategies, according to Christie Stephenson, executive director of the Peter P. Dhillon Centre for Business Ethics at the University of British Columbia’s Sauder School of Business, speaking during the Canadian Investment Review‘s 2023 Global Investment Conference. Long viewed as a value […]
Imperial Oil Ltd. shareholders have voted against environmental, social and governance-related proposals backed by the Bâtirente and the British Columbia Investment Management Corp. during the company’s annual general meeting. The Bâtirente’s motion called on Imperial Oil to adopt direct and indirect greenhouse gas emissions reduction targets for 2030. If passed, the proposal would have obliged […]
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 […]
Institutional investors are steadily integrating environmental, social and governance into their investment reporting and practices, according to a new report by the United Nations’ principles for responsible investment. The report, which analyzed data from more than 1,800 investment organizations that have signed the PRI, found nearly all have formal, senior-level oversight and accountability for responsible […]
The British Columbia Investment Management Corporation is expanding its proxy voting guidelines around racial diversity to cover Canadian-domiciled investee businesses. “Proxy voting is a key shareholder right and powerful tool for BCI to drive action aligned to our clients’ best interests,” said Daniel Garant, executive vice-president and global head of public markets at the BCI, […]
Shift Action for Pension Wealth and Planet Health is describing the Canada Pension Plan Investment Board’s acquisition of a significant stake in one of California’s largest oil producers as “alarming.” “These claims are alarming as none of the technologies mentioned offer credible pathways for meaningfully reducing Aera’s carbon emissions quickly enough or aligning Aera with CPPIB’s net-zero […]