A study by the University Pension Plan of Ontario of the voting decisions of investment managers revealed a “certain level of misalignment” with asset owners, says Delaney Greig, the UPP’s director of investor stewardship. The investment organization evaluated its proxy voting alignment with external investment managers to compare if they meet the UPP’s stewardship goals, […]
The University Pension Plan is managing material climate risks by considering prospective investments through a climate-related impact lens, according to a new report by the investment organization. In its latest climate action plan, the UPP reemphasized its commitment to net-zero portfolio emissions by 2040 and to allocate at least $1.2 billion to climate solution investments […]
The British Columbia Investment Management Corp. is focusing on robust corporate governance, the protection of shareholder rights and effective oversight of environmental, social and governance risks and opportunities as part of its latest proxy voting guidelines. In a press release, Jennifer Coulson, senior managing director and global head of ESG at the BCI, said proxy […]
An article on how ‘carewashing’ can negatively impact employers’ well-being strategies was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How employers can avoid ‘carewashing’ their employee well-being strategy 2. Senate passes pharmacare legislation without amendments 3. Investment funds targeting domestic assets […]
The British Columbia Investment Management Corp. is focusing on methane emissions regulation and board diversity among its key environmental, social and governance policy initiatives, according to its inaugural stewardship report. In early 2024, the BCI responded to methane policy consultations by Environment and Climate Change Canada and the U.S. Environmental Protection Agency, said the report, noting […]
The University Pension Plan is promoting responsible labour standards in the direct operations that it invests in, according to a new stewardship report from the investment organization. It said the investment organization wants to ensure key metrics from the International Labour Organization are being respected in direct operations its involved with. It’s also looking to […]
Stewardship guidelines are helping institutional investors address climate risks and safeguard their investment in the long run, says Brian Minns, managing director of responsible investing at the University Pension Plan of Ontario. “We need stewardship as [a way of] protecting the investments that we have and trying to enhance their value over time for our beneficiaries. […]
The Alberta Investment Management Corp. says there has been declining support for shareholder proposals linked to environmental and social factors, while support has increased for governance proposals centred around shareholder rights, according to the investment organization’s latest stewardship report. It cited increased scrutiny of ESG issues as a factor in the decline and noted the AIMCO […]
Active ownership, accompanied by a concrete set of stewardship goals, is critical for long-term value creation, said Delaney Greig, director of investor stewardship at the University Pension Plan, during a session at the Canadian Investment Review’s 2024 Global Investment Conference in April. The UPP, which was established in 2021 as a jointly sponsored defined benefit pension […]
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 […]