The Caisse de dépôt et placement du Québec will now be factoring climate change into every investment decision it makes, setting out targets and actions to reduce its carbon footprint and seize profitable investment opportunities. The components of the strategy are three-fold, according to the pension fund. First, it will consider the fight against climate […]
As pension plans grapple with what to do about environmental, social and governance factors, Quebec-based fund Bâtirente offers some guidance on the options available. It formalized its approach in 2005, the year before the United Nations laid out its six principles for responsible investment. Bâtirente is one of the original signatories of the principles. “I […]
With the world in flux amid rising concerns about hurricanes, flooding and wildfires, how will institutional investors rise to the challenges climate change presents? And what opportunities exist along the way? Understanding physical risk Climate change affects every industry worldwide, says Sanjay Wagle, managing director at the Lightsmith Group, an investment firm focused on environmental, […]
FSCO report shows pensions lag in reporting.
While compliance with requirements to file statements of investment policies and procedures has reached 94 per cent in Ontario, only 34 per cent of the filers incorporate environmental, social and governance factors into them. The numbers are from a new report by the Financial Services Commission of Ontario. But Hugh O’Reilly, president and chief executive […]
Publicly traded Canadian businesses in large part lacking when it comes to reporting their relations with indigenous people, revealed a new report by the Shareholder Association for Research and Education. After reviewing the public disclosures of publicly traded companies from eight different sectors, the organization found that while many businesses produced reports on their policies, practices or […]
Look to the emerging world for change going forward.
A group of global institutional investors are urging companies to disclose how they manage their global workforces in order to increase shareholder transparency. The coalition of investors, including OPSEU Pension Trust and the United Church of Canada pension plan, signed the initiative, which is a collaborative project between the Shareholder Association for Research and Education […]
The Public Sector Pension Investment Board is moving to become the largest shareholder in U.S.-based Pattern Energy Group Inc. as part of a series of transactions aimed at supporting a major expansion of the renewable energy company. According to the details announced yesterday, the pension fund will purchase about 10 per cent of Pattern Energy stock and will […]
There’s plenty of evidence that sustainable investing is gaining traction as an important consideration in institutional investors’ strategies and portfolios. Take, for example, the fact that the number of signatories to the United Nations’ principles for responsible investment has steadily increased; regulators in many jurisdictions have mandated that institutional investors explicitly consider their environmental, social […]