A sustainability investments classification platform co-founded by the British Columbia Investment Management Corp. is being acquired by Net Purpose. The financial details of the transaction weren’t disclosed. Through this deal, Net Purpose will bring SDI AOP methodology, data processing and customer functions in house. It will also launch enhanced sustainable development goal classifications. “As a […]
The chair of the Canadian Sustainability Standards Board wants to ensure institutional investors are well represented at the discussion table when shaping voluntary climate disclosure metrics for Canadian businesses. “Since I joined — before we even started an outreach strategy — many institutional investors reached out and wanted to meet with me and understand what […]
Canada’s largest pension fund is being sued by four young Canadians who claim the Canada Pension Plan Investment Board is failing to properly manage climate-related financial risk. The four allege in a lawsuit filed in the Ontario Superior Court of Justice on Monday that the investment manager for the Canada Pension Plan is breaching its […]
The Caisse de dépôt et placement du Québec is granting operational management of its office buildings in Quebec to real estate services firm Canderel. This partnership is designed preserve the style and character of Quebec buildings that belong to the investment organization. The move will allow the Caisse to focus entirely on its investment operations, […]
Canada’s federal government is raising funds to support green infrastructure and nature conservation projects through its fifth issuance of green bonds. The 30-year green bonds are designed to attract private financing and play a role in the country’s strategy to achieve net-zero emissions by 2050. The investment asset is backed by Canada’s AAA credit rating. […]
At the end of a busy summer marked by unprecedented pressures from equity volatility and inflation, defined benefit plan sponsors, money managers and other investment professionals gathered at the Fairmont Tremblant in Mont-Tremblant, Que. for the relaunch of the Canadian Investment Review’s Alternative Investment Conference. From Aug. 20-22, the packed agenda presented a range of […]
The Public Sector Pension Investment Board is reporting $75.5 billion worth of green assets in its fiscal year 2025, up from $64.9 billion during the previous year, according to the investment organization’s latest climate disclosure report. Carbon-intensive assets held by the investment organization declined by 23 per cent compared to fiscal 2024 while its transition […]
Some of Canada’s largest institutional investors are looking for comprehensive and realistic climate transition plans from investees as part of an extensive due diligence process. However, Jennifer Coulson, global head of environmental, social and governance at the British Columbia Investment Management Corp. says these plans aren’t yet the norm, adding investors are working directly with […]
The pursuit of reduced energy emissions portfolios from institutional investors is putting pressure on the efficiency of energy transition plans from investee companies. Despite a growing uncertainty caused by pushback against an environmental, social and governance driven investment lens, companies and investors need to think about environmental causes with a long-term risk perspective, says Sagar […]
The Caisse de dépôt et placement du Québec, the British Columbia Investment Management Corp. and the Ontario Teachers’ Pension Plan were given perfect marks for their governance, sustainability and resilience practices in a new report from Global SWF LLC. The report ranked 200 global institutional investors based on 25 elements split among governance (10 points), […]