Soon after the beginning of the coronavirus pandemic, layoffs and the shift to remote working resulted in a 30-year low in female participation in the Canadian workforce, threatening to undo gains in gender equity in the workplace, according to a new report by the Canada Pension Plan Investment Board. Women have suffered the most layoffs or furloughs during the pandemic […]
The Canada Pension Plan Investment Board is allocating an additional £300 million of equity to investments in the U.K.’s logistics sector. The investment is taking place via the Goodman U.K. partnership, which was established in 2015, with Goodman Group and APG Asset Management each allocating the same amount. The CPPIB has entered similar partnerships with […]
A U.S. environmental group is making a direct appeal to Canadians for help in persuading the Canada Pension Plan Investment Board to end its investment in a Colorado-based oil and gas company due to safety and pollution concerns. In a five-minute YouTube video by an organization called 350 Colorado, residents of Boulder ask Canadians to […]
Certain politicians have suggested Alberta withdraw from the Canada Pension Plan and go it alone. Would the province benefit from a solitary system or is the idea short-sighted? Niels Veldhuis, economist and president of the Fraser Institute In June, Alberta’s Fair Deal panel recommended the development of a comprehensive plan to withdraw the province from […]
The Canada Pension Plan Investment Board is selling its 50 per cent interest in the first phase of a real estate development in London, England. Phase one of Nova Victoria, a five-building, mixed-use development adjacent to London’s Victoria mainline and underground stations, was finished in April 2017. The sale, to Singapore’s Suntec Real Estate Investment Trust, is […]
The Investment Management Corp. of Ontario is naming Tony Algar as its new chief operating officer, effective Sept. 28. Algar joins the IMCO from the Canada Pension Plan Investment Board, where he spent the past 10 years, most recently as managing director and head of investment operations. He also previously held senior risk management and […]
The Canada Pension Plan Investment Board is committing US$300 million to take an approximate 24 per cent stake in Virtusa Corp., a global digital and information technology services company. The proposed acquisition, alongside Baring Private Equity Asia, follows the announcement earlier this month that Virtusa and BPEA entered into a merger agreement under which funds affiliated with BPEA will acquire […]
The Canada Pension Plan Investment Board has formally outlined its expectations for portfolio companies when it comes to environmental, social and governance issues in a new section of its latest annual report on sustainable investing. “To build trust with portfolio companies, we find it helpful to share our expectation of them with respect to considering […]
The Canada Climate Law Initiative is calling into question whether the Canada Pension Plan Investment Board is sufficiently aligning its investments with the transition to a low-carbon economy. In a legal analysis, the organization said the pension fund’s current allocations to high-carbon assets reveal a “troubling incrementalism” within its efforts to mitigate Canadians’ exposure to […]
The world’s 300 largest pension funds saw their assets under management increase in value by eight per cent in 2019, to a total value of US$19.5 trillion, according to new research by Willis Towers Watson’s Thinking Ahead Institute. This is compared to a 0.4 per cent decline in the value of assets in 2018. “Overall, […]