ESG issues – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 NYC pensions leading motion to review Starbucks’ labour practices https://www.benefitscanada.com/pensions/governance-law/nyc-db-pensions-lead-motion-to-review-starbucks-labour-practices/ Tue, 04 Apr 2023 16:30:59 +0000 https://www.benefitscanada.com/?p=135980 A consortium of five New York City defined benefit pension plans has led a successful campaign to launch an external review of labour practices at Starbucks Corp. NYC Retirement Systems, which includes the NYC Board of Education Retirement System, the NYC Fire Pension Fund, the NYC Fire Pension, the NYC Police Pension Fund and the […]

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]]> 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 […]

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]]> CPPIB proxy voting policy targeting sustainability, board term lengths and diversity: report https://www.benefitscanada.com/canadian-investment-review/strategies/cppib-proxy-voting-policy-targeting-sustainability-board-term-lengths-and-diversity-report/ Thu, 29 Sep 2022 16:00:35 +0000 https://www.benefitscanada.com/?p=127653 The Canada Pension Plan Investment Board is warning corporate board directors that any companies failing to consider climate risks, adopting multiple-year term lengths or lacking in female representation won’t receive its support during shareholder votes, according to a new report. “How we select investments and hold management accountable to manage these factors can enhance or erode […]

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]]> PSP Investments analyzing environmental impact of natural resources portfolio https://www.benefitscanada.com/canadian-investment-review/strategies/psp-investments-analyzing-environmental-impact-of-natural-resources-portfolio/ Tue, 12 Jul 2022 14:00:35 +0000 https://www.benefitscanada.com/?p=124123 The Public Sector Pension Investment Board is engaging WSP Global Inc. to develop a consistent methodology for analyzing the environmental impact of its natural resources assets. The consultancy firm will conduct a detailed climate analysis of the portfolio, which includes more than three million hectares of land across more than 400 properties based in six countries. […]

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]]> IMCO unveils ESG strategy, discloses portfolio emissions https://www.benefitscanada.com/canadian-investment-review/strategies/imco-unveils-esg-strategy-discloses-portfolio-emissions/ Tue, 05 Jul 2022 16:00:41 +0000 https://www.benefitscanada.com/?p=123836 The Investment Management Corp. of Ontario is publishing its inaugural environmental, social and governance report, which includes an outline of its four-pronged ESG integration strategy. “We have long understood that companies with good governance practices and diverse teams make better decisions that lead to superior performance,” wrote Brian Gibson, board chair of the IMCO, in […]

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]]> Institutional investor initiative taking aim at dual-class shares https://www.benefitscanada.com/canadian-investment-review/cir-news/institutional-investor-initiative-taking-aim-at-dual-class-shares/ Tue, 14 Jun 2022 15:55:09 +0000 https://www.benefitscanada.com/?p=122716 A coalition of global pension funds with combined assets of more than $1.25 trillion is launching an initiative to push back against the rise of dual-class shares. The Investor Coalition for Equal Votes aims to advocate proportionate shareholder voting and the prevention of dual-class share structures without strict mandatory time-based sunset clauses. Its members are concerned […]

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]]> Sounding Board: Why institutional investors should consider sustainable infrastructure https://www.benefitscanada.com/canadian-investment-review/strategies/sounding-board-why-institutional-investors-should-consider-sustainable-infrastructure/ Thu, 21 Apr 2022 13:00:41 +0000 https://www.benefitscanada.com/?p=119230 How often does today’s news present stories about environmental issues? Climate change, pollution, overpopulation, deforestation, biodiversity degradation — the list is endless and these long-term shifts are far from new. We’re failing our environment and our people. Our world is changing. Food, fresh water, other natural resources and clean energy are all under strain. Unfortunately, […]

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]]> What’s in the federal budget for employers, employees? https://www.benefitscanada.com/news/bencan/whats-in-the-federal-budget-for-employers-employees/ Fri, 08 Apr 2022 13:00:09 +0000 https://www.benefitscanada.com/?p=119314 The federal government’s 2022 budget, which set out $56 billion in new spending on Thursday, has a few offerings that could impact employers and employees. Dental-care program, pharmacare The budget confirmed the government’s commitment to rolling out a national dental-care program, which was announced in March, by specifying a $5.3-billion investment in its implementation. It also […]

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]]> U.K. investment organizations must release climate disclosures: regulator https://www.benefitscanada.com/canadian-investment-review/strategies/u-k-investment-organizations-must-release-climate-disclosures-regulator/ Thu, 31 Mar 2022 16:30:38 +0000 https://www.benefitscanada.com/?p=118996 The U.K. pension regulator is releasing new rules on climate disclosures for institutional investors and defined benefit pension plans. In a report, the Financial Conduct Authority laid out its latest rules and guidelines for pension plan sponsors related to climate-related risks and opportunities. “Firms would be required to produce, annually, a baseline set of consistent, […]

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]]> Carbon credit schemes offer attractive risk-adjusted returns: CPPIB report https://www.benefitscanada.com/canadian-investment-review/strategies/carbon-credit-schemes-offer-attractive-risk-adjusted-returns-cppib-report/ Wed, 16 Mar 2022 16:20:39 +0000 https://www.benefitscanada.com/?p=118336 Nature-based mitigants to climate change will offer attractive risk-adjusted returns to investors, according to a new report from the Canada Pension Plan Investment Board. Natural carbon dioxide sinks, like forests, remove carbon dioxide from the atmosphere. By managing these natural assets, investors can monetize the carbon absorption through the sale of carbon credits. “Companies looking […]

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