institutional investors – Benefits Canada.com

OMERS committing to net zero, UPP facing divestment calls from university staff

bwolfe — Mon, 29 Nov 2021 14:00:44 +0000

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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Tracking indirect GHG emissions vital for institutional investors, says expert

Gideon Scanlon — Fri, 26 Nov 2021 21:30:44 +0000

Institutional investors seeking to reduce their portfolios’ carbon footprint should pay more attention to scope 3 emissions, says Priti Skokeen, head of environmental, social and governance research and engagement at TD Asset Management Inc. “Typically, when investors engage issuers on climate change, the focus tends to be on industries traditionally understood as high emitting, for […]

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Debate about pension fund’s divesting due to ESG issues heats up in Oregon

mdunne — Fri, 26 Nov 2021 14:00:18 +0000

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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Institutional investors set to increase focus on ESG: survey

mdunne — Thu, 25 Nov 2021 14:00:34 +0000

Almost two-thirds (62 per cent) of pension funds and other institutional investors expect to increase their focus on environmental, social and governance factors over the next three years, according to a new survey for SigTech. Pureprofile Pty Ltd., which surveyed 100 pension funds and institutional investors across Asia, Europe and North America, found that, while […]

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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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AIMCo sees quarterly returns of 1.7 per cent, CPPIB up 3.8 per cent

Gideon Scanlon — Tue, 23 Nov 2021 14:00:56 +0000

The Alberta Investment Management Corp. saw returns of 1.7 per cent during the third quarter of 2021, according to its quarterly report. Between July and the end of September, the AIMCo saw the value of its assets rise from $123.4 billion to $130.1 billion, beating its benchmark of 0.9 per cent. On a year-to-date basis, the […]

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CPPIB refinances packaging company, invests in reinsurance provider alongside OMERS; AIMCo invests in Asian PE fund

Gideon Scanlon — Tue, 23 Nov 2021 14:00:51 +0000

The Canada Pension Plan Investment Board is recapitalizing an expanding packaging business. The institutional investor has signed an agreement with the U.S.-based Berlin Packaging, a supplier of glass, plastic and metal containers with annual revenues of about US$2.5 billion. Private equity firm Oak Hill Capital Partners, which has been an investor in the packaging supplier […]

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Top 2021 Money Managers Report: What questions should pension plan sponsors ask in 2022?

bwolfe — Fri, 19 Nov 2021 13:53:15 +0000

In the early days of 2020, no one could have foreseen the social and economic havoc the coronavirus pandemic would wreak on the world. Nearly two years later, as markets and economies continue to recover, Canadian pension plan sponsors are looking to their money managers to help light the way to a brighter financial future. […]

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HOOPP buys shares in P&C insurance company, Caisse invests in private equity fund

Jennifer Paterson — Thu, 18 Nov 2021 20:00:19 +0000

The Healthcare of Ontario Pension Plan and Swiss Re Investments Holding Co. Ltd. are purchasing common shares in a Canadian property and casualty insurance company in its initial public offering. The gross proceeds from Definity Financial Corp.’s IPO are expected to be about $2.1 billion. The IPO is being made in connection with the conversion […]

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Canadian investors less skeptical of corporate ESG than global average: survey

Gideon Scanlon — Thu, 18 Nov 2021 16:55:35 +0000

Nearly three-quarters (72 per cent) of Canadian institutional investors don’t believe companies can be trusted to achieve their stated environmental, social and governance commitments, according to a new survey by U.S. public relations firm Edelman. The survey looked at the opinions of institutional investment professionals from Canada, Germany, Japan, the Netherlands, the U.K. and the […]

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