IA Clarington Inhance Global Equity SRI Class is now fossil fuel free

Vancity Investment Management (VCIM) has divested from fossil fuels within the IA Clarington Inhance Global Equity SRI Class. This fund has no coal, oil or gas holdings and holds 7.6% in renewable energy and clean technology. More information here and here.

 

Majority of BP shareholders vote for climate change resolution 

An overwhelming 98% of BP shareholders have voted in favour of a resolution that requires increased annual reporting on climate change risks. More. 

 

How are Canadian companies addressing safety risks in Bangladesh factories?

New Investor Brief from SHARE summarizes how Canadian companies are addressing safety risks in Bangladesh apparel factories. More.

 

TD facing shareholder proposals on corporate governance

TD is facing shareholder proposals on pay ratios and phasing out of stock options. More.
 

Fossil-fuel-free future plan pitched by Canadian scientists

Over 60 Canadian scientists have prepared a report outlining Canada's transition to a clean, sustainable future for Canada. Read the CBC article here. View the report here. 

 

New Canadian stock exchange founded on fairness and transparency

The Aequitas NEO Exchange is Canada's newest stock exchange, pitching fairness and transparency in markets. More. 

 

ESG least important to hedge fund investors, survey shows

New survey shows that most asset owners consider ESG issues important when selecting investment managers; but this is not the case for hedge fund investors. More.

 

Ontario plans cap-and-trade on greenhouse gas emissions

Ontario is preparing to bring in a cap-and-trade system for greenhouse gas emissions in the battle against climate change. More. 

Ceres: An Investor Handbook for Water Risk Integration

New Ceres report provides  insights on water risk management from 35 global asset owners and fund managers with over $6 trillion in collective AUM. Read here. 

Vancity: Transforming Canada's Boardrooms - Gender Diversity on the Move
New Vancity Investment Management Insight explains how  gender diversity commitments and programs contribute to long term shareholder value, aid in recruitment and retention of talented employees, and provide a competitive advantage. Read here. 

MSCI: Beyond Divestment: Using Low Carbon Indexes

New MSCI research provides a framework for evaluating ways to reduce two dimensions of carbon exposure - current carbon emissions and potential future emissions embedded in fossil fuel reserves - and explores new ways of managing carbon risk. Read here.

 

Sustainalytics: ESG Investment Risks and Opportunities for the Utilities Sector

Sustainalytics releases new report that examines through an ESG lens the investment risks and opportunities of 234 public and non-public utilities companies. More.

Morgan Stanley: The Performance of Sustainable Investment Strategies

New Morgan Stanley report finds that sustainable investments usually meet or exceed the performance of comparable traditional investments. This is on both an absolute and a risk-adjusted basis, across asset classes and over time. Read here. 

CPPIB & McKinsey: Focusing Capital on the Long Term

Canada's largest pension fund, the Canada Pension Plan Investment Board, has teamed up with McKinsey & Company to publish a guide to reorienting portfolio strategies and investment management to focus capital on the long term. Read here. 

Christiana Figueres: Canada vs. Climate Change

Executive Secretary of the UN Framework Convention on Climate Change explains that Canada is positioned to be an energy transition leader, and that recent developments provide cause for optimism. Read here.

 

Canada's Ecofiscal Commission: Lessons from Carbon Pricing in Canada

Chris Ragan, Chair of the Ecofiscal commission, reviews carbon pricing in Alberta and British Columbia to find out what works, what doesn't, and what we can learn. Read here. 

 

Mike Hulme: Why Fossil Fuel Divestment is a Misguided Tactic
Professor of Climate & Culture at King's College London says divestment offers symbolic success while doing nothing to reduce the risks of climate change. Read here.