Institutional investors have a role to play in reconciling Canada with Indigenous people, says a new report by the Reconciliation and Responsible Investment Initiative. “With the Truth and Reconciliation Commission [of Canada] report, it’s clear that we can all play our parts. It’s on all of us,” says Katherine Wheatley, manager of the RRII. “The […]
The Chartered Financial Analyst Institute’s draft voluntary environmental, social and governance disclosure standards are vulnerable to greenwashing, warns the Investment Funds Institute of Canada. In an open letter to the CFA regarding its drafted voluntary regulations, the IFIC is criticizing the proposed standards’ failure to define what does and doesn’t qualify as an ESG investment. […]
A report from the U.K.-based watchdog group Hong Kong Watch is criticizing three major Canadian pension funds for investing in Chinese businesses involved in human rights violations. The report says the Canadian Pension Plan Investment Board, the British Columbia Investment Management Corp. and the Ontario Teachers’ Pension Plan have invested more than $12 billion in companies reported […]