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 […]
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 Teachers’ Pension Plan is reporting a total fund net return of four per cent for 2022, driven by strong returns from private equity and inflation-sensitive asset classes. The pension fund exceeded its benchmark of 2.3 per cent, according to a press release announcing its annual results. Its inflation-sensitive asset portfolio — including commodities […]
The Healthcare of Ontario Pension Plan is enhancing its climate change strategy to achieve net-zero emissions in its portfolio by 2050. By 2025, the HOOPP expects 80 per cent of its assets to provide reported emissions. It will also initiate a scope 3 portfolio emissions measurement and exclude new direct investments in private thermal coal […]
A new report is calling on Canada to develop a sustainable finance taxonomy in order for it to reach its carbon emissions targets. “Many countries have developed, or are in the process of developing, taxonomies as a foundational tool within a broader policy framework to help mobilize and accelerate the deployment of capital to combat […]
New York City comptroller Brad Lander and three of the city’s pension funds are offering shareholder proposals calling on several banks — including the Royal Bank of Canada — to disclose absolute greenhouse gas emissions targets for 2030. The shareholder proposals, which request a report within one year, call for an absolute reduction target aligned […]
“As the preceding presentations showed quite clearly, the climate is changing and the impact won’t have a linear correlation with temperature rises,” said Aaron Bennett, chief investment officer of the University Pension Plan, during a session at the Canadian Investment Review’s 2022 Investment Innovation Conference. This once controversial position underpinned the $11-billion multi-employer defined benefit […]
In 2022, the University Pension Plan implemented a growth plan, investment strategy, climate action plan and administration system. In a note to the jointly sponsored defined benefit pension plan’s 37,000 members, Barbara Zvan, its president and chief executive officer, touted the achievements during the UPP’s first full calendar year as well as the plans for its second. […]
The Alberta Investment Management Corp.’s total financed carbon dioxide emissions fell nine per cent in 2021, according to its annual climate disclosure. According to figures released by the investment organization, its portfolio financed the release of about 424,300 tonnes of carbon dioxide, down from about 466,300 tonnes the previous year. For each million dollars invested […]
The British Columbia Investment Management Corp. is enhancing its climate change strategy to successfully navigate the global transition towards net-zero emissions. The investment organization’s priorities include that, by 2030, at least 80 per cent of its carbon-intensive investments have set mature net-zero aligned commitments or are the subject of direct or collaborative climate engagement. In a […]