The Investment Management Corp. of Ontario is publishing its inaugural environmental, social and governance report, which includes an outline of its four-pronged ESG integration strategy. “We have long understood that companies with good governance practices and diverse teams make better decisions that lead to superior performance,” wrote Brian Gibson, board chair of the IMCO, in […]
The Public Sector Pension Investment Board is committing to using its capital and influence to support a transition to net-zero emissions by 2050, according to its inaugural climate strategy report. The strategy also includes commitments to curbing the intensity of its portfolio’s greenhouse gas emissions by at least 20 per cent, increase its investments in green assets […]
The federal government’s 2022 budget is addressing long-standing rules preventing defined benefit plan sponsors from borrowing in most circumstances. In the $56-billion budget, which is expected to easily pass into law with the support of Liberal and New Democratic Party members of parliament, proposes providing more borrowing flexibility to administrators of registered DB plans. The […]
The federal government’s 2022 budget, which set out $56 billion in new spending on Thursday, has a few offerings that could impact employers and employees. Dental-care program, pharmacare The budget confirmed the government’s commitment to rolling out a national dental-care program, which was announced in March, by specifying a $5.3-billion investment in its implementation. It also […]
The Shareholder Association for Research and Education is setting out new guidance for institutional investors on corporate votes regarding sustainability reporting. In its model proxy voting guidelines, the Shareholder Association for Research and Education provides Canadian institutional investors with a set of generic proxy voting rules designed to be easily tailored for individual organizations. “[The […]
The U.K. pension regulator is releasing new rules on climate disclosures for institutional investors and defined benefit pension plans. In a report, the Financial Conduct Authority laid out its latest rules and guidelines for pension plan sponsors related to climate-related risks and opportunities. “Firms would be required to produce, annually, a baseline set of consistent, […]
Institutional investors seeking to reduce their portfolios’ carbon footprint should pay more attention to scope 3 emissions, says Priti Shokeen, head of environmental, social and governance research and engagement at TD Asset Management Inc. “Typically, when investors engage issuers on climate change, the focus tends to be on industries traditionally understood as high emitting, for […]
With recent deadly heat waves and wild fires ravaging Canada’s west coast and large-scale flooding in the east, who can ignore the growing risk of extreme weather? Irrespective of efforts to reduce greenhouse gas emissions, extreme weather events, driven by climate change, are projected to increase in frequency, intensity and duration through the 21st century, […]