divestment – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 OMERS committing to net zero, UPP facing divestment calls from university staff https://uat-cumulus.benefitscanada.com/canadian-investment-review/strategies/omers-committing-to-net-zero-upp-facing-divestment-calls-from-university-faculty-staff/ Mon, 29 Nov 2021 14:00:44 +0000 https://www.benefitscanada.com/?p=112398 The Ontario Municipal Employees Retirement System is the latest pension plan to commit to net-zero greenhouse gas emissions across its total portfolio by 2050. In a press release, the OMERS said its path to net zero will be informed by the annual calculation and public disclosure of its total portfolio carbon footprint. The release also […]

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]]> Debate about pension fund’s divesting due to ESG issues heats up in Oregon https://uat-cumulus.benefitscanada.com/canadian-investment-review/public-equities/debate-about-pension-funds-divesting-due-to-esg-issues-heats-up-in-oregon/ Fri, 26 Nov 2021 14:00:18 +0000 https://www.benefitscanada.com/?p=112319 Oregon’s state employee retirement fund is coming under increased scrutiny as the U.S. state is facing increased calls for divestment from companies that have environmental, social and governance issues. Oregon residents are increasingly pushing for the state to divest from fossil fuel companies and other controversial investments, but the state treasury is resisting and putting […]

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]]> COP26 highlighting importance of ESG, disclosure for institutional investors https://uat-cumulus.benefitscanada.com/canadian-investment-review/strategies/cop26-highlighting-importance-of-esg-disclosure-for-institutional-investors/ Thu, 11 Nov 2021 14:00:11 +0000 https://www.benefitscanada.com/?p=111352 As talks at the 2021 United Nations Climate Change Conference winds down, 2022 is poised to become the “show me” year for environmental, social and governance factors and sustainability measures, says Eugene Lundrigan, president of Sun Life Capital Management Inc. This year’s conference, dubbed COP26, brought world leaders and thousands of delegates from participating countries to Glasgow, […]

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]]> Bâtirente on pace to reach 2025 climate goals https://uat-cumulus.benefitscanada.com/canadian-investment-review/strategies/batirente-on-pace-to-reach-2025-climate-goals/ Tue, 02 Nov 2021 13:00:56 +0000 https://www.benefitscanada.com/?p=110642 One year into a five-year plan to reduce its investments in greenhouse gas-emitting companies by 50 per cent, the Bâtirente is on pace to reach its target. Last year, the defined contribution pension fund announced a number of environmental commitments it intended to reach by 2025, including a pledge to reduce its exposure to climate-related […]

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]]> UTAM committing to fully divesting from fossil fuels by 2030 https://uat-cumulus.benefitscanada.com/canadian-investment-review/strategies/utam-committing-to-fully-divesting-from-fossil-fuels-by-2030/ Thu, 28 Oct 2021 13:00:18 +0000 https://www.benefitscanada.com/?p=110438 The University of Toronto is the latest institution committing to the divestment movement, saying Wednesday it will sell off all fossil fuel investments in its $4 billion endowment fund by the end of 2030 to help fight climate change. The commitment by its investment manager, the University of Toronto Asset Management Corp., includes divesting from all direct investments […]

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]]> Top 5 HR, pension and benefits stories of the week https://uat-cumulus.benefitscanada.com/news/bencan/top-5-hr-pension-and-benefits-stories-of-the-week-4/ Fri, 22 Oct 2021 13:00:56 +0000 https://www.benefitscanada.com/?p=110050 Our story revealing the employers that took the top spots at the 2021 Workplace Benefits Awards was the most-read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Who are the winners of the 2021 Workplace Benefits Awards? 2. ‘Significant’ wave of terminations coming due to workplace vaccine mandates: lawyer […]

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]]> Institutional investors emphasizing ESG factors amid pandemic, finds survey https://uat-cumulus.benefitscanada.com/canadian-investment-review/strategies/institutional-investors-emphasizing-esg-factors-amid-pandemic-survey/ Wed, 13 Oct 2021 13:00:42 +0000 https://www.benefitscanada.com/?p=109294 While 72 per cent of institutional investors are currently integrating environmental, social and governance factors into their investment strategies, 29 per cent are placing greater emphasis on ESG considerations as a result of the coronavirus pandemic, according to a new survey by RBC Global Asset Management. The survey, which polled 800 global institutional investors, found […]

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]]> Caisse promising to divest from oil production by end of 2022 https://uat-cumulus.benefitscanada.com/canadian-investment-review/strategies/caisse-promising-to-divest-from-oil-production-by-end-of-2022/ Tue, 28 Sep 2021 17:00:36 +0000 https://www.benefitscanada.com/?p=108587 The Caisse de dépôt et placement du Québec is planning to completely divest from oil production — roughly one per cent of its total portfolio or about $3.9 billion based on the size of its net assets as of June 30 — by the end of 2022, as part of its new climate change strategy. […]

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]]> Ontario Teachers’ planning 45% reduction in greenhouse gas emissions by 2025 https://uat-cumulus.benefitscanada.com/canadian-investment-review/strategies/ontario-teachers-planning-45-reduction-in-greenhouse-gas-emissions-by-2025/ Tue, 21 Sep 2021 13:00:41 +0000 https://www.benefitscanada.com/?p=107991 The Ontario Teachers’ Pension Plan is setting new targets to accompany its plan to tackle climate change and curb greenhouse gas emissions tied to its multi-billion dollar portfolio. The pension fund said it aims to slash the carbon emissions intensity of its investments by 45 per cent by 2025 and by two-thirds by 2030, compared to its […]

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]]> CPPIB sells energy company stake to Ontario Teachers’, Caisse enters joint venture to finance real estate developments https://uat-cumulus.benefitscanada.com/news/cir-news-news/cppib-sells-energy-company-stake-to-ontario-teachers-caisse-enters-joint-venture-to-finance-real-estate-developments/ Thu, 08 Jul 2021 15:00:31 +0000 https://www.benefitscanada.com/?p=103618 The Canada Pension Plan Investment Board has reached a deal to sell half of its shares of a Washington-based energy company to the Ontario Teachers’ Pension Plan. According to the terms of the deal, the CPPIB will sell half of its 31.6 per cent stake in Puget Holdings to the Ontario Teachers’ and the other […]

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