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Canadian ESG-related investment assets surge to $3.2 trillion: report

The British Columbia Investment Management Corp. is becoming “more intentional about” its ongoing environmental, social and governance efforts in the wake of the coronavirus pandemic, says Jennifer Coulson, vice-president of ESG and public markets for the investment manager. Its 2020 annual report highlights the BCIs’ expansion of its carbon footprint reporting to include all asset classes […]

As Exxon Mobil Corp. shareholders continue their bid to force the oil giant to deal more aggressively with climate change, several large U.S. institutional investors are backing a slate of alternative directors. The company announced Wednesday that three candidates nominated by a dissident group of shareholders, called Engine No. 1, had been elected to its board […]

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A record return over the first full year of the pandemic has put the manager of Canada’s largest retirement fund years ahead of schedule to meet a long-term goal of having half a trillion dollars in assets by 2028. The Canada Pension Plan Investment Board reported that its funds earned 20.4 per cent net of […]

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 University of Toronto Asset Management Corp. ended 2020 with pension and endowment returns of 11.7 per cent and 11.6 per cent, respectively. In a press release, the UTAM said while the pension return matched that of its benchmark reference portfolio, endowments underperformed by 0.2 per cent. However, it noted long-term performance of the portfolios […]

  • By: Staff
  • May 5, 2021 May 4, 2021
  • 09:00
Caisse investing in wind and solar projects, AIMCo in German real estate

The Canada Pension Plan Investment Board is launching a investment group that will focus on renewables, conventional energy and new technology and service solutions. The sustainable energy group combines the CPPIB’s energy and resources group with the power and renewables group for a total of $18 billion in assets, according to a press release. The group’s […]

  • By: Staff
  • April 7, 2021 April 25, 2021
  • 13:00
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An insurance holding company backed by the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan is making its inaugural transaction, valued at US$1 billion. Constellation Insurance Holdings Inc. will acquire Ohio National Mutual Holdings Inc. and its wholly-owned subsidiary Ohio National Financial Services Inc., a deal that includes both member […]

  • By: Staff
  • March 25, 2021 April 24, 2021
  • 09:00
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A coalition of Canadian university endowments and pension plans are launching a new initiative to engage investee corporations on climate change risks. The initiative will engage with North American public companies held in university endowment and pension portfolios and will focus on sectors including finance, transportation, energy and utilities and manufacturing, according to a press […]

  • By: Staff
  • February 19, 2021 February 19, 2021
  • 09:00
Canadian employers increasing focus on social responsibilities in 2021: report

Canadian businesses are taking a wider view of their social responsibilities amid the coronavirus pandemic, economic disparity and protests against racial injustice, according to a new survey by Mercer Canada. It found 65 per cent of Canadian human-resources leaders believe their company has continued or stepped up the pace towards an environmental, social and governance- […]

  • By: Staff
  • February 9, 2021 March 26, 2021
  • 09:00