net-zero carbon emissions – Benefits Canada.com

Vestcor returns 7.5% for 2023, amid rising inflation, high interest rates

bwolfe — Thu, 11 Apr 2024 15:00:54 +0000

Vestcor Corp. is reporting a 7.5 per cent return for 2023, despite the challenges of rising inflation and high interest rates. The New Brunswick-based investment organization achieved five- and 10-year annualized returns of 6.27 per cent and 6.73 per cent, respectively. In a press release, Vestcor noted these returns ensure its clients continue meeting their […]

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New York City pension funds reach deal with RBC over clean energy funding disclosure

bmcgovern — Wed, 10 Apr 2024 19:00:13 +0000

The New York City Employees’ Retirement System, Teachers’ Retirement System and Board of Education Retirement System signed an agreement with the Royal Bank of Canada to publicly disclose its financing ratio of low-carbon energy to fossil fuels. The investment organizations are mandating RBC, as well as Citigroup Inc. and JPMorgan Chase & Co., to adhere […]

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Pension funds improving modestly on climate but more work to be done: report

lbailey — Wed, 28 Feb 2024 20:00:49 +0000

Canada’s largest public pension funds are showing modest improvements on climate action but are moving too slowly overall, according to a new report by a climate advocacy group. The progress report from Shift Action for Pension Wealth and Planet Health found four of the 11 pension plans it examined still don’t have emissions reduction targets […]

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91% of Canadian institutional investors say climate change is top ESG concern: survey

bmcgovern — Tue, 13 Feb 2024 20:00:46 +0000

A majority (91 per cent) of Canadian institutional investors say climate change is a leading concern within the environmental, social and governance space, according to a new survey by Millani. The survey, which polled more than 30 institutional investors with a total of $4.5 trillion in assets under management, found 47 per cent of respondents also […]

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New York City pension funds pushing RBC to disclose clean energy funding

bmcgovern — Wed, 07 Feb 2024 20:00:55 +0000

Two New York City pension funds are pushing the Royal Bank of Canada to disclose more details on its clean energy funding. The shareholder resolution filed by the New York City Employees’ Retirement System and Teachers’ Retirement System of the City of New York asks that the bank fully report a ratio of how its clean […]

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Majority of TSX companies aren’t meeting sustainability risk disclosure standards: report

bmcgovern — Thu, 12 Oct 2023 15:00:13 +0000

About a third (34 per cent) of the companies on the S&P/TSX composite index are meeting the reporting requirements for environmental, social and governance standards by disclosing the metrics of all of their sustainability related risks and opportunities, according to a new report by consultancy Millani. The report, which reviewed ESG standards in Canadian public companies, […]

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How climate change and inflation are impacting agricultural investments

bwolfe — Fri, 11 Aug 2023 12:54:48 +0000

Despite the prevalence of farming in its home province, the Alberta Investment Management Corp.’s agricultural portfolio is just 13 years old, the product of a 2010 investment in converted farmland held by Australian timber producer Great Southern Group. The properties proved too arid for tree growth and were converted back to croplands for canola, wheat […]

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How AIMCo, Ivanhoé Cambridge are adopting different ESG approaches

Gideon Scanlon — Mon, 12 Jun 2023 16:30:37 +0000

“Everyone on stage agrees on one thing — [environmental, social and governance] integration is just smart,” said moderator Francisca Quinn, co-founder and president of Quinn and Partners Inc., during a panel at the 2023 Responsible Investment Association conference last week. She was joined by representatives of two Canadian public sector investment organizations with very different […]

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2023 GIC coverage: Green buildings reaping attractive risk-adjusted returns for institutional investors

lbailey — Tue, 06 Jun 2023 11:45:44 +0000

There’s a distinct window of opportunity for institutional investors to generate attractive risk-adjusted returns through refurbishing brown buildings in Europe to make them operationally carbon neutral, said Lucy Swinton, investment director at Fidelity International, during the Canadian Investment Review’s 2023 Global Investment Conference. Environmental, social and governance — particularly the ‘E’ aspects — is increasingly becoming a disruptive […]

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Six pension plan members share their perspectives on ESG investing

lbailey — Fri, 14 Apr 2023 12:55:43 +0000

As world markets contend with supply chain issues stemming from climate change, the coronavirus pandemic and Russia’s invasion of Ukraine, environmental, social and governance considerations are slowly taking a more prominent role in pension funds’ risk assessments. In particular, Canadian pension funds are taking a progressive approach to ESG investing. Many have become signatories of […]

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