About a third (34 per cent) of the companies on the S&P/TSX composite index are meeting the reporting requirements for environmental, social and governance standards by disclosing the metrics of all of their sustainability related risks and opportunities, according to a new report by consultancy Millani. The report, which reviewed ESG standards in Canadian public companies, […]
More than half of global institutional investors are worried about the ongoing effects geopolitical risk (55 per cent) and rising inflation (53 per cent) will have on their portfolios, according to a new survey by Schroders. The survey, which polled 770 global institutional investors representing US$34.7 trillion in assets, found that, in order to combat geopolitical risk, respondents […]
The Investment Management Corp. of Ontario is allocating 20 per cent of its portfolio to climate solutions by 2030, aiming to reduce its carbon emissions by 50 per cent compared to 2019, according to a new report by the investment organization. In a press release, Rossitsa Stoyanova, the IMCO’s chief investment officer, said the investment […]
As institutional investors become increasingly interested in assets supporting the energy transition, they must evolve their assessment processes in order to meet new standards, according to experts. When the Public Sector Pension Investment Board was determining an official strategy around green assets, the team worked to develop a category it calls transition assets — those […]
As sustainable investing continues to gain widespread acceptance among institutional investors, full integration is projected to surge in the next five years, according to a new study conducted by Coalition Greenwich and commissioned by AGF Investments. It found nine in 10 institutional investors in North America and Europe expect to be investing sustainably or working […]
Investments in low-carbon activities leading to positive environmental impacts make up 16.2 per cent of the Public Sector Pension Investment Board’s total assets under management, according to a new report by PSP Investments. A report reviewing the investment organization’s sustainability progress found its current green assets represent $48.9 billion. It credits its ‘green asset taxonomy’ […]
Since joining the real estate investment arm of the Caisse de dépôt et placement du Québec in 2017, Michèle Hubert has held many titles — five, to be exact. “My career is much more consistent than that makes it sound,” says Hubert, Ivanhoé Cambridge’s chief operating officer. “I’ve always been involved in strategy and I’m […]
A majority (98 per cent) of Canadian institutional investors consider climate change a top environmental, social and governance focus area, according to a new survey by consultancy Millani. The survey, which polled 40 institutional investors with more than $5.8 trillion in assets under management, found they also ranked diversity, equity and inclusion (45 per cent) and […]
Working and retired public sector employees from across Canada are calling on the federal government to remove Miranda Hubbs, director of Imperial Oil Ltd., from the board of the Public Sector Pension Investment Board with cause. In a letter sent to Prime Minister Justin Trudeau and his cabinet today, 39 PSP Investments’ members and retirees […]
An article on the federal government’s plan to scrap Canada mortgage bonds and the potential impact on pension funds was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Feds’ plan to discontinue Canada mortgage bonds may limit pension funds’ abilities to mitigate risk: PIAC […]