Institutional investors are moving away from standard environmental, social and governance factors, according to a new report by Morningstar Inc. The report, which took responses from in-depth interviews with 25 investors around the world, found there’s an ongoing commitment to sustainability, but less interest in keeping ESG investments. Indeed, some investors are even combining social […]
The push to make companies detail their exposure to climate change received a boost last week with about 80 women leaders in business and civil society calling on Canadian securities regulators to restart work on mandating climate disclosures. In an open letter organized by Women Leading on Climate, the signatories said they strongly disagree with […]
The Canada Pension Plan Investment Board is facing criticism for backing out of a commitment to achieve net-zero emissions by 2050. Following the release of its fiscal 2025 annual results last week, the investment organization was called out by Shift Action for Pension Wealth & Planet Health, which said net-zero commitments aren’t optional. The CPPIB […]
A new climate initiative is advising Canadian companies on how to develop effective climate transition plans as part of a larger effort to support a sustainable financial cause. Business Future Pathways — spearheaded by Barbara Zvan, president and chief executive officer at the University Pension Plan — will bring together financial industry leaders for climate-change […]
A decision by the Canadian Securities Administrators to step back from the development of a mandatory climate-related disclosure mandate could impact decision-making at one of the largest pension funds in Canada. Jennifer Coulson, senior managing director and global head of environmental, social and governance at the British Columbia Investment Management Corp., says the regulator’s decision […]
The Ontario Pension Board scored at or above the median for the Principles for Responsible Investment Reporting Framework assessment tool, according to its latest sustainability report. The OPB earned its highest score (87 per cent) for its policy governance and strategy, followed by passive listed equity and active listed equity, both at 81 per cent. […]
The Canadian Sustainability Standards Board is appointing Wendy Berman as chair, effective May 5. Berman is a former vice-chair of the Ontario Securities Commission and, most recently, she was a partner and head of the national securities litigation group at McCarthy Tétrault LLP. She succeeds Bruce Marchand, who served as interim chair at the CSSB. […]
Canada’s largest bank said Tuesday that it has scrapped one of its flagship climate commitments and is holding back on publicizing other climate progress in part because of new rules around greenwashing. In its latest sustainability report, the Royal Bank of Canada said that it has dropped its target of facilitation $500 billion in sustainable […]
The Caisse de dépôt et placement du Québec is reporting nearly 80 per cent, or $330 billion, of its total portfolio is invested in assets with a low-carbon footprint. In its latest sustainable investing report, the Caisse said it holds $6.2 billion worth of transition assets looking to decarbonize their operations. The investment organization exceeded […]
An article on how incoming health-care legislation could impact plan sponsors’ virtual care offerings was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How national health-care legislation could impact benefits plan sponsors’ virtual care offerings 2. Labatt attracting, […]