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Sustainable investing has gained significant traction in recent years as a way for companies to exhibit corporate social responsibility in the community by meeting a wide range of environmental, social and governance (ESG) targets. Increasingly, issuers are also finding they are being financially rewarded for such investing strategies, some claiming pricing bumps of up to 20 basis points (bps). ESG bonds an umbrella term that captures green bonds, social bonds, and sustainable development bonds are some of the most popular capital-raising initiatives used for reaching these targets. Over the past five years, the number of corporate green-bond issuances continues to grow as both public and private issuers try to demonstrate increased environmental and social consciousness to their investors.
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British Columbia Investment Management also aims to cut carbon exposure of public equities by 30%.
The C$171.3 billion ($135.9 billion) British Columbia Investment Management Corp. (BCI) said it will invest an additional C$5 billion in sustainability bonds by 2025, up from C$887 million at the end of last year. The pension fund also said it will reduce the carbon exposure in its global public equities portfolio by 30% by 2025, using 2019 as a baseline.
The moves are part of BCI’s commitment to five-year climate-related targets for its public markets program.
“These targets will help ensure our clients benefit from the shift to a low-carbon economy,” Gordon Fyfe, BCI’s chief executive officer and CIO, said in a statement. “They set concrete near-term goals that will help us track our progress as we continue to champion long-term and sustainable growth.”
The Public Sector Pension Investment Board is among the investors in a new fund by Greensoil PropTech Ventures, a Toronto-based property-technology company. The fund, which sits at approximately US$50 million out of a US$100 million target, will invest in technologies to make the real estate industry more profitable and sustainable, according to a press release. […]
March 18, 2021 March 18, 2021
17:25 Nike Inc. has released a series of diversity, equity and inclusion targets it aims to achieve over the next five years and announced it’ll tie executive compensation to meeting them and its broader environmental, social and governance efforts. “Our Purpose 2025 Targets are not just aspirations. They are a call to action with clear […]