BCI – Benefits Canada.com

BCI updates code of ethics, personal conduct to address DEI-related issues

Gideon Scanlon — Tue, 23 Nov 2021 15:00:15 +0000

The British Columbia Investment Management Corp. is updating its code of ethics and personal conduct to include a section outlining its expectations from employees around diversity, equity and inclusion-related issues. Following a review of the 2018 version of the code earlier this year, the BCI’s board put forward recommendations and a new version was published […]

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Net-zero transition offering opportunities for Canadian pension sector: report

bwolfe — Wed, 10 Nov 2021 13:00:28 +0000

Canada’s $4 trillion pension sector could enjoy immense commercial benefits by aligning with the transition to net-zero emissions and helping to mobilize $140 billion of low carbon investments per year, according to a new report by Corporate Knights, the Natural Step Canada and the Smart Prosperity Institute. It found Canada’s 12 largest pension fund managers […]

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OTPP buying reverse mortgage bank, BCI investing in U.S. media operator

Jennifer Paterson — Wed, 22 Sep 2021 19:00:00 +0000

The Ontario Teachers’ Pension Plan is entering into an agreement to buy a bank that offers reverse mortgage solutions. The acquisition of HomeQ Corp., the parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. and other minority shareholders, is subject to regulatory approvals, which are expected to take place in the first […]

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PSP buys out majority co-investor in U.K. rail company, BCI sells share in property portfolio

Gideon Scanlon — Thu, 09 Sep 2021 16:59:33 +0000

The Public Sector Pension Investment Board is buying a majority stake in a passenger rail sector business it’s been invested in for the past 13 years. According to the terms of the deal, PSP Investments and asset management company Amber Infrastructure Group Holdings Ltd. will buy a 51 per cent stake in Angel Trains Ltd. […]

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BCI, Chinese energy company clash over position on non-independent board members

Gideon Scanlon — Thu, 26 Aug 2021 15:30:03 +0000

The British Columbia Investment Management Corp. is once again voting against nine proposals supported by the board of China Gas Holdings Ltd., including the re-election of five corporate directors. During its recent annual general meeting, the Hong Kong-based energy company’s management team had requested that investors vote in favour of the re-election of board members […]

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BCI sells blinds company, Caisse joins education tech funding round, PSP invests in London office space

Gideon Scanlon — Wed, 04 Aug 2021 16:00:25 +0000

The British Columbia Investment Management Corp. is selling its interest in a window covering company. The BCI and its co-owner AEA Investors Ltd. signed a definitive agreement to sell Springs Window Fashions to Clearlake Capital Group. Under the terms of the deal, Springs’ chief executive Eric Jungbluth will continue to lead the company following the transfer of […]

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BCI returns 16.5% and increases AUM in fiscal 2021: annual report

Gideon Scanlon — Tue, 27 Jul 2021 16:00:30 +0000

The British Columbia Investment Management Corp. returned 16.5 per cent for its combined pension plan clients and increased its assets under management from $171.3 billion to 199.6 billion in the year ended March 31, 2021. In its annual report, the investment manager said the $28.3 billion increase of assets under management reflected investment gains of […]

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CPPIB, AIMCo re-invest in telecom infrastructure giant, BCI in logistics firm

Gideon Scanlon — Tue, 29 Jun 2021 14:00:33 +0000

The Canada Pension Plan Investment Board and the Alberta Investment Management Corp. are together investing $2.4 billion in the Australian digital infrastructure company BAI Communications Pty. Ltd. The funds have been earmarked to support BAI’s global growth strategy and acquisitions. BAI recently announced a partnership agreement with Transport for London to deliver high-speed mobile coverage […]

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Canada’s largest pension funds come together at inaugural climate change event

Gideon Scanlon — Wed, 16 Jun 2021 13:00:10 +0000

Representatives from eight of Canada’s largest pension funds — known as the Maple Eight — participated in the first meeting of the Sustainable Finance Action Council last week. On June 11, representatives of the Alberta Investment Management Corp., the British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension […]

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BCI’s 2020 ESG report highlights sustainable bonds, investment guidelines

bwolfe — Mon, 07 Jun 2021 19:00:55 +0000

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 […]

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