OPTrust takes climate-change action
The $15 billion Canadian pension plan considers active engagement more effective than divestment and market forces more immediate than regulation, as it works towards a low-carbon economy.
Divesting from the oil sector has been a boon for La Caisse’s performance, as the Canadian pension giant says its energy investments have earned billions in value-add compared to the benchmark since the inception of its climate strategy. Head of sustainability Bertrand Millot unpacks the fund’s approach in an interview with Top1000funds.com.
The $15 billion Canadian pension plan considers active engagement more effective than divestment and market forces more immediate than regulation, as it works towards a low-carbon economy.
The $53.8 billion AP7 is using shareholder resolutions to push companies to reveal their true positions on the Paris agreement and other measures. Corporations are taking notice and changing.
Not only are pension funds bringing ESG factors into decision-making, they are also starting to call for guidance in their efforts, the International Organisation of Pension Supervisors writes.
LGPS funds have objectives aligned with many of the social issues that impact investing targets. This should make the trend popular within the scheme, once decision-makers are properly informed.
From the individual to the organisation to the industry as a whole, a belief that your objectives and your work have intrinsic value is essential to high performance and societal change.
Heightened awareness of the role of rain forests in global supply chains, and of the related risks, has led many large investors to join initiatives calling for an end to destruction of woodlands.
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