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The University Pension Plan is appointing Aaron Bennett (pictured left) as its first chief investment officer. In his new role, Bennett will be responsible for establishing an innovative, risk-optimized investment strategy designed to offer retirement security to plan members and promote responsible investing, according to a press release. Read: UPP naming Christophe L’Ahelec director of external manager program […]

  • By: Staff
  • September 16, 2021 September 17, 2021
  • 10:30

Michel Charron has had a front-row seat for the revolution in the Canadian investment industry’s approach to environmental, social and governance issues. Following the foundation of the United Nation’s principles for responsible investment in 2008, his firm, PBI Actuarial Consultants Inc., immediately signed up. But the concept required explanation for some pension plan sponsors, he […]

Institutional investors that are signed onto the United Nations’ principles for responsible investment had a higher five-year average net return compared to non-signatories, according to a report by CEM Benchmarking Inc. The benchmarking consultancy, which studied the net returns of 42 signatories participating in its database for five consecutive years ending in 2018, found that […]

  • By: Staff
  • August 2, 2021 August 3, 2021
  • 09:00

The University Pension Plan has appointed Brian Minns as its first managing director of responsible investing. Prior to joining the UPP, Minns spent 10 years working for Addenda Capital Inc, culminating a three-year tenure as its vice-president of sustainable investing. In that role, he was responsible for impact investing and the implementation of environmental, social and […]

  • By: Staff
  • June 10, 2021 June 10, 2021
  • 09:15

Employees at two Canadian pension plans are being recognized for their responsible investment achievements. The British High Commission and the Canada Climate Law Initiative named Barbara Zvan, inaugural president and chief executive officer of the University Pension Plan, and Kim Thomassin, executive vice-president and head of investments in Quebec and stewardship investing at the Caisse […]

  • By: Staff
  • May 7, 2021 May 7, 2021
  • 15:00

The majority (86 per cent) of Imperial Oil Ltd. investors voted to defeat a shareholder resolution that the organization adopt a target to achieve net-zero carbon emissions by 2050. However, the vote held during the Calgary-based company’s virtual annual meeting exposes a rift between its parent U.S. giant Exxon Mobil Corp. — which owns 69.6 […]

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The funding status and confidence of Canadian defined benefit pension plans declined in 2020 amid the coronavirus pandemic and a low interest-rate environment, according to a new survey from RBC Investor & Treasury Services. It found among 122 respondents, 50 per cent reported their plans were fully funded on a going-concern basis, down significantly from […]

  • By: Staff
  • March 5, 2021 March 5, 2021
  • 09:00
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The British Columbia Investment Management Corp. is committing to five-year climate-related targets for its public markets program. The pension fund is targeting a cumulative $5-billion investment in sustainability bonds and a 30 per cent reduction of carbon exposure in its global public equities portfolio by 2025, according to a press release, which noted the targets […]

  • By: Staff
  • February 24, 2021 February 25, 2021
  • 15:00
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Canada’s pension system was ranked first overall among 15 countries in the Global Pension Transparency Benchmark. It ranked Canadian funds first in governance, citing the “global reputation for superior performance and governance excellence” of Canada’s five largest funds, namely the British Columbia Investment Management Corp., the Caisse de depot et placement du Québec, the Canada […]

  • By: Staff
  • February 23, 2021 February 24, 2021
  • 15:00
Canadian companies must adopt transparent, consistent climate-risk reporting: report

Institutional investors, regulators and financial standard organizations are calling on Canadian corporations to adopt transparent climate-risk reporting, according to a new report from the C.D. Howe Institute. The report noted corporate directors have the legal and fiduciary duty to act in the best interests of their companies in developing strategies to address climate-related financial risks […]

  • By: Staff
  • February 4, 2021 March 26, 2021
  • 15:00