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Former OMERS executive sues for wrongful termination
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OMERS private equity director departs
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OMERS executives set for carbon cuts without too much portfolio ‘surgery’
OMERS executives set for carbon cuts without too much portfolio ‘surgery’
OMERS Michael Kelly and Katharine Preston
Putting in place a decarbonization policy for a large, diversified portfolio that balances ambition with fiduciary duty can be hard work, executives at the Ontario Municipal Employees Retirement System, Toronto, have found.
The goal is to reach a 20% reduction in carbon emissions in the entire portfolio by 2025. We want to be ambitious about this, but also disciplined about how we can do this and what we can do to get started on it without necessarily having (to do) some major surgery to the portfolio in terms of the investment program, said Michael Kelly, chairman of OMERS sustainable investing committee, in an interview.
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Christopher Katsarov/(Christopher Katsarov/The Globe
TouchBistro Inc. has hired a veteran financial services executive to replace founder Alex Barrotti as chief executive officer, making the Toronto restaurant software firm the latest prominent Canadian technology “scaleup” to bring in a seasoned professional to lead its next stage of growth.
The company told staff Wednesday that TouchBistro chairman Samir Zabaneh had been named CEO as it tries to stop falling further behind Toast Inc., the Boston-based market leader in cloud-based technology for restaurants. Both companies have found pandemic-related shutdowns less damaging to their customer bases than anticipated.
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