With eight billion people consuming the planet’s resources, assets such as clean energy and sustainable agriculture are becoming increasingly important to institutional investors, said John Cook, a senior vice-president portfolio manager and co-lead of the Greenchip team at Mackenzie Investments, during a session at Benefits Canada‘s 2023 DC Plan Summit. Each year, it takes roughly 13.5 billion […]
As countries seek to reach net-zero carbon emissions targets by 2050, demand for buildings to be retrofit to improve energy efficiency will more than double, according to a new report from the Ontario Teachers’ Pension Plan that highlights several aspects of its sustainable investment strategy. “The good news is that the expertise and technology required […]
When Richard Manley, chief sustainability officer at the Canada Pension Plan Investment Board, joined the organization as managing director and head of sustainable investing in 2019, global financial markets were slowly dialling up the focus and integration of environmental, social and governance factors into investment strategies. Over the last three years — amid the ongoing […]
Speaking at the Ontario Municipal Employees’ Retirement System’s annual general meeting on Tuesday, Blake Hutcheson, its chief executive officer, discussed the OMERS’ recent annual results, as well as its long-term growth expectations. “We think that, by 2030, we’ll be worth roughly $200 billion, up from a little more than $125 billion today.” The live event, […]
An article on how employers can close the pension gap among BIPOC employees was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers can leverage choice, education to help close pension gap among BIPOC workers 2. Ontario biosimilars policy could cut drug costs for plan […]
The vast majority (90 per cent) of institutional investors say they’re planning to increase allocations to sustainable and impact investments over the next five years, according to a survey by Cambridge Associates. The survey, which polled more than 140 institutional investors, found two-thirds (65 per cent) of respondents reported engaging in sustainable and impact investing, […]
While it’s common practice for pension plan sponsors to factor climate risk into investment strategies, there’s more work to be done on factoring climate change into mortality and morbidity assumptions, says Bernard Morency, past chair of the Canadian Institute of Actuaries’ public affairs council and co-chair of its climate change and sustainability steering committee. “As […]
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 […]
The Canada Pension Plan Investment Board is appointing Richard Manley as its chief sustainability officer. In the role, Manley will lead the team responsible for refining and enacting a strategic roadmap to help the investment organization navigate the global transition away from fossil fuels. The CPPIB expects the plan to help anticipate, manage and integrate […]
The OPSEU Pension Trust is enhancing its climate change strategy to successfully navigate the global transition toward net-zero emissions. The pension fund’s priorities include updating climate scenarios and examining any implications for its investment approach; launching climate due diligence frameworks for use by investment teams across all asset classes; implementing stewardship plans to advance the transition […]