Soon after the beginning of the coronavirus pandemic, layoffs and the shift to remote working resulted in a 30-year low in female participation in the Canadian workforce, threatening to undo gains in gender equity in the workplace, according to a new report by the Canada Pension Plan Investment Board. Women have suffered the most layoffs or furloughs during the pandemic […]
Starbucks Corp. is aiming to tie its executive compensation to diversity targets beginning in 2021. The move is one of a series of initiatives the coffee chain has pledged to implement in its diversity, equity and inclusion goals and training, which come at a time of social justice unrest in the U.S. Starbucks has committed to […]
The Ontario Teachers’ Pension Plan is leading a new US$360 million equity investment in a Singapore-based data centre developer, operator and investor. Founded in 2017, Princeton Digital Group has a current portfolio of 18 centres across China, India, Indonesia and Singapore. Global private equity firm Warburg Pincus LLC is also participating in the investment. “We’re […]
Mercer Canada is appointing Kimm Maugeri as its new human resources leader. With over 20 years of experience in HR, with a focus on diversity and inclusion, learning, performance management, assessment and engagement, Maugeri was previously a principal and relationship manager in Mercer’s global talent and inclusion of expertise. Read more People Watch news In the new role, […]
Canadian institutional investors representing more than $2.3 trillion in assets under management have signed a new statement on diversity and inclusion. The list of signatories on the joint statement, which was coordinated by the Responsible Investment Association, includes the Alberta Investment Management Corp., Bâtirente, the British Columbia Investment Management Corp., the Caisse de dépôt et […]
Early in Lana Burnstad’s career, she worked at a railway company that was merging several regional railways and their various benefits plans. Part of that process included working with multiple unions, which were traditionally male-dominated environments at the time. “That was a rough process — swearing and fist-pounding . . . . It was pretty […]
The Responsible Investment Association is creating a statement on diversity and inclusion and inviting Canadian institutional investors to sign on. The initial signatories of the statement, which is currently circulating, include the Alberta Investment Management Corp. the Caisse de dépôt et placement du Québec, the OPSEU Pension Trust and the University of Toronto Asset Management among others. The RIA said investors have […]
BMO Financial Group is introducing a new diversity strategy that sets goals to address gaps affecting Black, Indigenous, People of Colour, Latino and LGBTQ2+ employees, customers and communities. The new benchmarks and plans, which expand the bank’s multi-year diversity strategy set in 2017, includes doubling company-wide representation of Black senior leaders, accelerating Indigenous talent strategies, […]
With almost 100,000 employees in 30 countries, Scotiabank’s approach to global benefits provision is more about aligning philosophy or guiding principles than it is around aligning specific tactics of the benefits plan. “No surprise, every country, every region has its own set of legislation, social norms, priorities, different health-care infrastructure and different maturity in terms […]
Canadian businesses are grappling with how to move forward with conversations around race. “In order to affect the systemic changes needed to foster inclusivity, we will need collective learning and unlearning, challenging ourselves to embrace innovative, equitable and inclusive practices going forward,” said Jon Love, chief executive officer of KingSett Capital, in a webinar hosted by […]