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CPP Investments Eyes Lowering Stake in Low-Credit Rated Puget Energy

CPP Investments Eyes Lowering Stake in Low-Credit Rated Puget Energy Posted on 03/09/2021 The Canada Pension Plan Investment Board (CPP Investments) is contemplating lowering its ownership stake in utility Puget Energy Inc. CPP Investments hired an adviser to lower its 31.6% stake by around 10%. CPP Investments would like to get around US$ 700 million for the stake, valuing Puget Energy with an enterprise value of up to US$ 7 billion. Puget Energy’s main operating unit is Puget Sound Energy. Puget Sound Energy is the largest electric and gas utility based in Washington. In January 2021, Puget Sound Energy announced plans to reduce its carbon emissions to net zero by 2045.

Corporate world is shifting : Machin s swift departure from CPPIB underscores public intolerance for bad behaviour in the C-suite

Corporate world is shifting : Machin s swift departure from CPPIB underscores public intolerance for bad behaviour in the C-suite
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Raytheon Technologies to Launch Diverse Manager Program | Chief Investment Officer

Raytheon Technologies to Launch Diverse Manager Program Asset managers for the $110 billion corporate plans should start hiring with race, gender, and other considerations in mind, CIO Robin Diamonte says. Robin Diamonte, chief investment officer at Raytheon Technologies, expects to soon launch a diverse manager program, pressuring the fund’s asset managers to hire more minorities and those from other underrepresented groups.  The investment team will start seeking and interviewing diverse managers for all of its new mandate searches, according to the investment chief. The fund will evaluate managers based on four diversity, equity, and inclusion criteria. “I’m not doing this because it’s a social justice issue,” Diamonte told

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