The Investment Management Corp. of Ontario is joining the growing list of asset owners committing to reaching net-zero alignment in their investment portfolios by 2050 through joining the Paris Aligned Investment Initiative. “We are committed to playing our part in the design of a new financial system that can secure a net-zero future for the world […]
As talks at the 2021 United Nations Climate Change Conference winds down, 2022 is poised to become the “show me” year for environmental, social and governance factors and sustainability measures, says Eugene Lundrigan, president of Sun Life Capital Management Inc. This year’s conference, dubbed COP26, brought world leaders and thousands of delegates from participating countries to Glasgow, […]
More than four in 10 (43 per cent) employers have implemented, started to implement or are considering climate metrics for their executive incentive plans, while another 27 per cent may consider these in the future, according to a new survey by Willis Towers Watson. The survey, which polled more than 90 North American companies, found nearly half […]
Canada’s $4 trillion pension sector could enjoy immense commercial benefits by aligning with the transition to net-zero emissions and helping to mobilize $140 billion of low carbon investments per year, according to a new report by Corporate Knights, the Natural Step Canada and the Smart Prosperity Institute. It found Canada’s 12 largest pension fund managers […]
As more companies shift to net-zero commitments in the face of climate change, institutional investors play a key role in proliferating the practice through where they invest their clients’ money, said Lloyd McAllister, head of environmental, social and governance research at Newton Investment Management, during a session at the 2021 Global Investment Conference. However, he […]
For all its dangers, there’s still considerable opportunity to be found in the Chinese investment space. At the 2021 Global Investment Conference, Anh Lu, portfolio manager for the Asia ex-Japan equity strategy at T. Rowe Price, said the trick to capitalizing on the opportunities in the world’s most populous country is to consider the long-term […]
With gas and oil prices reaching new heights last week, panicking both politicians and consumers, we must ask ourselves if this behaviour is typical of commodity prices in every business cycle or if we’re at the threshold of a major economic disaster? In the 1930s, Nicholas Kaldor analyzed commodity prices and their behaviour over the […]
The Council of Parties to the United Nations’ climate convention, known as COP26, which is currently underway in Glasgow has put climate change on the global stage and top of mind for many employers and employees. There are many elements an employer can take into consideration when crafting a benefits strategy — competitiveness in the […]
The Canada Pension Plan Investment Board is appointing Deborah Orida as its first chief sustainability officer. In the role, Orida will lead the CPPIB’s efforts to address climate change. She’s mandated to maintain a global, cross-enterprise approach to sustainability. In a press release announcing her appointment, John Graham, the CPPIB’s president and chief executive officer, […]
The University of Toronto is the latest institution committing to the divestment movement, saying Wednesday it will sell off all fossil fuel investments in its $4 billion endowment fund by the end of 2030 to help fight climate change. The commitment by its investment manager, the University of Toronto Asset Management Corp., includes divesting from all direct investments […]