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 […]
A third of investment organizations participating in the CFA Institute’s recent diversity, equity and inclusion program said they’ve trained between 81 and 99 per cent of their employees in detecting unconscious bias or practicing inclusive leadership, according to a new survey. The survey — conducted across 41 investment organizations that participated in the 2020 program […]
Income inequality in the U.S. is contributing to the growth of financial insecurity in retirement, exacerbated by a shift from pensions to individual 401(k) savings accounts, according to a new report by the U.S. National Institute On Retirement Security. It found in 2019, white households across three generations — baby boomers, generation X and millennials […]
As a “symbol of our collective sorrow,” IKEA Canada lowered its flags in response to the news of the grim discovery of mass graves at former residential schools in this country. The home goods retailer has also been talking with several Indigenous-led organizations to development its reconciliation strategy and has shared resources, including via its employee […]
When it comes to diversity, equity and inclusion initiatives, Canadian employers have room for improvement, according to a new series of LinkedIn polls conducted by LHH. In one poll, 39 per cent of employees said their workplace still didn’t feel inclusive, despite the rise in visible corporate diversity, equity and inclusion committees and programs. By […]
By encouraging employees to be their authentic selves at work, pension plans can make better investment decisions, says Adrian Mitchell, vice-president of public equities at the Healthcare of Ontario Pension Plan. “I think having some out LGBTQ people around demonstrates to everyone else it’s safe to be who you are. We’re going to make better […]
Indigenous and racialized seniors have less retirement security and higher poverty rates than white seniors in Canada, according to a new report by the Canadian Centre for Policy Alternatives. Based on data from the 2016 census, the report found Indigenous seniors have an average income of $32,200 and a poverty rate of 21.5 per cent, […]
Keisha Campbell is now serving as the Toronto Transit Commission’s first chief diversity and culture officer, a new executive role created to address systemic issues within the organization. She joined the TTC on April 1 after serving as head of diversity and inclusion for the personal banking division at TD Bank, where she led, developed […]
Men and women are unevenly participating in equity compensation plans among private employers, according to new research conducted in the U.S. by Morgan Stanley. The investment bank and financial service company found only 41 per cent of women participated in these plans, compared to 52 per cent of men. And of those individuals who were […]
The Healthcare of Ontario Pension Plan is making diversity, equity and inclusion initiatives a top priority, including a commitment to combat anti-Black systemic racism. Elena Palumbo-Sergnese, senior vice-president of human resources at the HOOPP, says the fund’s strategy encompasses four main approaches. These include the embedding of DEI into core processes and success measurements, allowing […]