Canadian fund managers lag on tackling climate-change risks


theglobeandmail.com | Published 2 May 2016

JANET McFARLAND

Canada’s largest fund managers – including major pension funds – are far behind many of their global peers in managing climate-change risks within their investment portfolios, a new analysis concludes.

Canadian investment funds collectively ranked 11th in a global survey of the world’s 500 largest investors by the British-based Asset Owners Disclosure Project, lagging not only leading top-place finishers Sweden and Norway, but also countries such as the United States, Britain, France, China, Brazil and Australia.

The review noted that 12 of the 27 major Canadian asset managers that were studied disclosed nothing about their management of climate change, giving the appearance they “are in denial” about climate-change risk.

“Frankly, this isn’t good enough for the Canadian funds, who at the end of the day have to protect Canadians’ pensions from this sort of risk,” said Julian Poulter, chief executive officer of the Asset Owners Disclosure Project.

Mr. Poulter said Canadian investors have significant exposure to high-carbon industries such as energy and mining, so they should be especially motivated to deal with climate-change risks.

“It simply isn’t an excuse. If you have a local, domestic economy that is particularly exposed to one sort of thematic risk, then you hedge your portfolio against it,” he said.

“read more>“http://www.theglobeandmail.com/report-on-business/canadian-fund-managers-lag-on-tackling-climate-change-risks-survey-says/article29827989/


Upcoming Events & Seminars

More Events »

Whipp Tips & News

The Remarkable Rise Of ESG

The idea that investors who integrate corporate environmental, social and governance risks can improve returns is now rapidly spreading across capital markets on all continents.

Details »

Behind Manulife's historic $600 million green bond issue

first for an insurer in domestic market

Details »

Meet Triodos, the ethical investment firm trying to fund a better world

Investors are tired of questionable practices where executives at underperforming businesses are paid huge bonuses, and of companies making staggering amounts of money at a huge cost to the planet.

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association