proxy voting – Benefits Canada.com

Virtual-only meetings erode shareholder democracy: institutional investor group

lbailey — Fri, 19 Apr 2024 15:30:44 +0000

A group of institutional investors is voicing concerns about the rise of virtual-only shareholder meetings they say risk eroding shareholder democracy. In an open letter released Thursday, the coalition of 38 investors led by the B.C. General Employees’ Union called on S&P/TSX 60 companies to publicly disclose how they’ll ensure shareholders’ statutory and common law […]

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Public sector workers, retirees calling on removal of Imperial Oil director from PSP board

Jennifer Paterson — Tue, 01 Aug 2023 16:00:18 +0000

Working and retired public sector employees from across Canada are calling on the federal government to remove Miranda Hubbs, director of Imperial Oil Ltd., from the board of the Public Sector Pension Investment Board with cause. In a letter sent to Prime Minister Justin Trudeau and his cabinet today, 39 PSP Investments’ members and retirees […]

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University Pension Plan’s assets declined 9.1% in 2022, led by public equities

Gideon Scanlon — Tue, 13 Jun 2023 13:00:19 +0000

The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]

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2023 GIC coverage: How proxy voting can help institutional investors effectively steward capital

lbailey — Tue, 06 Jun 2023 11:44:08 +0000

Proxy voting is playing a bigger role in institutional investors’ environmental, social and governance strategies, according to Christie Stephenson, executive director of the Peter P. Dhillon Centre for Business Ethics at the University of British Columbia’s Sauder School of Business, speaking during the Canadian Investment Review‘s 2023 Global Investment Conference. Long viewed as a value […]

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CAAT appointing Karen Lockridge as director of responsible investing

bwolfe — Mon, 29 May 2023 19:00:31 +0000

The Colleges of Applied Arts and Technology pension plan is appointing Karen Lockridge as director of responsible investing. In the new role, she’ll be responsible for developing and refining the CAAT’s responsible investing strategy, including research, analysis and reporting on the pension plan’s environmental, social and governance activities. Lockridge will also provide guidance to the […]

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Imperial Oil shareholders reject ESG proposals from Bâtirente, BCI

Gideon Scanlon — Tue, 09 May 2023 16:30:32 +0000

Imperial Oil Ltd. shareholders have voted against environmental, social and governance-related proposals backed by the Bâtirente and the British Columbia Investment Management Corp. during the company’s annual general meeting. The Bâtirente’s motion called on Imperial Oil to adopt direct and indirect greenhouse gas emissions reduction targets for 2030. If passed, the proposal would have obliged […]

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BCI calling for increased climate disclosure at Imperial Oil, Caisse pre-leasing Chilean mixed-use development

Gideon Scanlon — Tue, 02 May 2023 16:30:15 +0000

The British Columbia Investment Management Corp. is filing a shareholder proposal calling for Imperial Oil Ltd. to disclose more information about its climate risks. The motion calls for the Canadian petroleum company to disclose its accounting assumptions related to climate change and the energy transition. According to a press release, the BCI’s aim is for […]

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CPPIB backing efforts to divide investee mining company, OMERS-owned building leasing Sydney office space

Gideon Scanlon — Thu, 27 Apr 2023 16:30:42 +0000

The Canada Pension Plan Investment Board is supporting an effort to spin off the steel-making side of an investee mining company despite previously saying it would oppose the measure. The board-backed proposal, which was approved at Teck Resources Inc.’s annual general meeting, called for the company to consider spinning off its steel-making business as a […]

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New report highlights BCI’s 2022 ESG achievements

Gideon Scanlon — Thu, 27 Apr 2023 16:30:20 +0000

The British Columbia Investment Management Corp. is leveraging its size and influence to drive environmental, social and governance improvements across its portfolio, according to the investment organization’s 2022 ESG annual report. “We believe, as do our clients, that ESG matters, makes a difference and translates to meaningful distinctions in a company’s ability to generate long-term […]

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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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