Page 5 - Shift Action News Today

The Investment Management Corp. of Ontario is publishing its inaugural environmental, social and governance report, which includes an outline of its four-pronged ESG integration strategy. “We have long understood that companies with good governance practices and diverse teams make better decisions that lead to superior performance,” wrote Brian Gibson, board chair of the IMCO, in […]

The Healthcare of Ontario Pension Plan is planning to reduce the greenhouse gas emissions of its $20 billion real estate portfolio. According to a new report on the pension fund’s website, the HOOPP is committing to reducing its real estate portfolio’s greenhouse gas emissions entirely by 2050 for assets under its control. To do this, […]

After hosting an event for investors with CAPP in early April, Scotiabank has confirmed it is no longer a member of the oil and gas lobby group

The Public Sector Pension Investment Board is committing to using its capital and influence to support a transition to net-zero emissions by 2050, according to its inaugural climate strategy report. The strategy also includes commitments to curbing the intensity of its portfolio’s greenhouse gas emissions by at least 20 per cent, increase its investments in green assets […]

The Canada Pension Plan Investment Board is committing to making its portfolio net zero by 2050, but says it won’t be making any blanket divestments. The organization said Thursday it plans to achieve the goal while continuing to invest in the whole economy and will push for an economic transition to a lower carbon economy as an […]

TORONTO — The fund manager for the Canada Pension Plan has committed to make its portfolio net zero by 2050 but said it would not be making any blanket divestments.

The Canada Pension Plan Investment Board, operating as CPP Investments, said Thursday it plans to achieve the goal while continuing to invest in the whole economy, and will push for an economic transition to a lower carbon economy as an active investor.

A Canadian charitable initiative is criticizing the Canada Pension Plan Investment Board’s new environmental investing strategy. “It’s encouraging to see that the CPPIB wants to invest in critical decarbonization pathways for hard-to-abate sectors,” wrote Patrick DeRochie (pictured), senior manager at Shift Action for Pension Wealth and Planet Health, in an email to the Canadian Investment Review. “But the CPP […]

A new report reveals that major Canadian oil and gas producers undercut Canada’s commitment to 1.5ºC — despite their claims otherwise.

The climate plans of major oil and gas companies operating in Canada rank among the worst worldwide.