The Canada Pension Plan Investment Board is entering a joint venture focused on providing services to support Brazil’s transition away from fossil fuel reliance. Alongside Votorantim Group, the CPPIB is launching Floen, which will support the scaling of innovative technologies and business models with the potential to accelerate the energy transition, according to a press […]
The Public Sector Pension Investment Board is updating its proxy voting guidelines to communicate its views on sound corporate governance practices and climate change. According to the guidelines, boards of directors at the companies in which PSP Investments invests, are expected to ensure climate risks and opportunities are integrated into their strategy and operations. They […]
An article on how British Columbia’s incoming pay transparency legislation could impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How B.C.’s pay transparency legislation could impact employers 2. Report finds new diabetes, migraine treatments could impact private drug plans in 2023 3. CPPIB […]
A resolution to reverse a rule allowing U.S. pension investors to consider environmental, social and governance criteria has been blocked by President Joe Biden. “It would put at risk the retirement savings of people across the country,” the president said after issuing his first-ever veto. Through the office’s veto power, a president may block any […]
The Canada Pension Plan Investment Board is selling its stake in a scandal-ridden French home care company for €26.1 million — 6.18 per cent of the value of the initial investment. The move follows a restructuring agreement that provides Orpea Groupe’s bondholders with control of the majority of its equity. As part of the terms, other […]
The Healthcare of Ontario Pension Plan is reporting an annual return of negative 8.6 per cent for 2022, citing declines in equities and fixed income markets. The HOOPP finished the year with net assets of $103.7 billion and, despite the economic challenges, maintained a funded status of 117 per cent. Its fixed income portfolio generated […]
An article on how working mothers are struggling with work-life balance was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Majority of Canadian working moms struggling with work-life balance: survey 2. CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements 3. How employers […]
The answer is complicated because environmental, social and governance investing is a relatively new risk, not all ESG factors are material for every industry and the return profile ultimately depends on whether a policy successfully incorporates material factors into investment decisions. Chris Reynolds, manager of pension policy at Canada Post Corp. ESG investing, often referred […]
Despite many institutional investors pressing pause on their real estate activities in the early days of the coronavirus pandemic, those that keep calm and carry on with a focus on diversification and innovation are poised to emerge as winners. “Real estate values, like other investment vehicles, can vary at different times based on shifting demand […]
The Ontario Municipal Employees’ Retirement System is reinvesting in a U.K.-based online mental health-care company. The OMERS participated in a funding round that raised £20 million (about $33 million) for HelloSelf, which connects patients with psychologists and therapists through an online platform. In 2021, the OMERS invested £5.5 million (about $9.1 million) and served as […]