greenwashing – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 07 May 2024 20:29:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Head to Head: Is it time to change the terminology around ESG? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-is-it-time-to-change-the-terminology-around-esg/ Fri, 12 Apr 2024 12:59:40 +0000 https://www.benefitscanada.com/?p=153998 An academic says environmental, social and governance terminology should evolve alongside understanding of the concept, while a consultant favours a focus on substance over form. Amir Akbari, assistant professor of finance, McMaster University As our understanding of sustainable development evolves, so, too, should our characterization of responsible investment. For instance, consider the United Nation’s Kunming-Montreal Global […]

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]]> 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 […]

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]]> CPPIB’s annual report greenwashing investment strategies, says watchdog https://www.benefitscanada.com/canadian-investment-review/strategies/cppibs-annual-report-greenwashing-investment-strategies-says-watchdog/ Thu, 01 Jun 2023 16:30:40 +0000 https://www.benefitscanada.com/?p=139161 The Canada Pension Plan Investment Board’s latest annual report greenwashes its investment strategies, according to Shift Action for Pension Wealth and Planet Health. “[A close reading] of its 2023 annual report shows Canada’s national pension manager continues to obscure its exposure to and prolongation of the fossil fuel economy while failing to understand that its […]

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]]> Watchdog accusing CPPIB of greenwashing acquisition of oil company https://www.benefitscanada.com/canadian-investment-review/public-equities/watchdog-accusing-cppib-of-greenwashing-acquisition-of-oil-company/ Thu, 09 Mar 2023 17:00:32 +0000 https://www.benefitscanada.com/?p=135127 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 […]

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]]> Institutional investors increasing allocations to real assets amid inflation, sustainability challenges: survey https://www.benefitscanada.com/canadian-investment-review/strategies/institutional-investors-increasing-allocations-to-real-assets-amid-inflation-sustainability-challenges-survey/ Thu, 26 Jan 2023 14:00:23 +0000 https://www.benefitscanada.com/?p=133042 Nearly two-thirds of institutional investors say they’re planning to increase their allocations to real assets over the next two years, amid a backdrop of inflation and sustainability challenges, according to a survey by Aviva Investors. The survey, which polled 500 institutional investors from around the world, found nearly half (47 per cent) said they have […]

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]]> 2022 IIC coverage: Using AI to eliminate greenwashing and generate sustainable alpha https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2022-iic-coverage-using-ai-to-eliminate-greenwashing-and-generate-sustainable-alpha/ Mon, 16 Jan 2023 12:49:09 +0000 https://www.benefitscanada.com/?p=130685 Since interpretations of environmental, social and governance investing can vary, institutional investors can leverage artificial intelligence tools to strip away the noise and reveal data sets required to eliminate greenwashing and generate sustainable alpha, said Andy Moniz, senior vice-president and director of responsible investing at Acadian Asset Management, during the Canadian Investment Review’s 2022 Investment […]

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]]> A look at the latest legal issues around ESG investing https://www.benefitscanada.com/archives_/benefits-canada-archive/a-look-at-the-latest-legal-issues-around-esg-investing/ Fri, 16 Dec 2022 13:57:37 +0000 https://www.benefitscanada.com/?p=131033 As the University Pension Plan increases its focus on climate change, its responsible investment policy considers environmental, social and governance factors as essential to sound long-term investing. “We’ve seen a lot of evidence from a variety of service providers — from investment banks to investment managers — that have demonstrated [the climate] is getting warmer […]

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]]> Canadian responsible investments holding steady at $3 trillion AUM: survey https://www.benefitscanada.com/canadian-investment-review/strategies/canadian-responsible-investments-holding-steady-at-3-trillion-aum-survey/ Wed, 23 Nov 2022 14:00:46 +0000 https://www.benefitscanada.com/?p=130207 Canadian investment managers had $3 trillion in assets using responsible investment strategies as of Dec. 31, 2021, down slightly from the $3.2 trillion reported in 2019, according to a survey by the Responsible Investment Association. The survey, which polled 77 asset managers and 13 asset owners, found more than nine in 10 (94 per cent) respondents are […]

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