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ESG Newsletter

    Companies Must Focus on Fair Pay, Decent Work Throughout Workforce: Report

    2019-02-15

    Benefits Canada: While shareholders are focusing on executive compensation, they aren’t promoting fair pay and decent work throughout their companies, according to a new report by the Shareholder Association for Research and Education.

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    TMX Joins UN Sustainable Stock Exchanges Initiative

    2019-02-019

    TMX: TMX Group announced that Canada's premier equities exchanges Toronto Stock Exchange and TSX Venture Exchange have joined the United Nations Sustainable Stock Exchanges (SSE) initiative to promote sustainability performance and transparency in capital markets.

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    Diversifying Investments: A Study of Ownership Diversity and Performance in the Asset Management Industry

    2019-01-28

    Knight Foundation: Research across a multitude of fields and industries has identified the potential economic and social benefits of diversity. Yet the asset management industry continues to struggle with a lack of diversity. Research studies and articles have consistently documented the low level of representation by women and racial/ethnic minorities among asset managers. Analyzing and exploring diversity in the asset management industry is vital given its sheer enormity and the wealth it generates ($69.1 trillion in assets under management and $99 billion in profits in 2016).

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    SEC Staff Issues Interpretive Guidance on Board Diversity Disclosures

    2019-02-13

    JDSUPRA: On February 6, 2019, the Division of Corporation Finance (Staff) of the Securities and Exchange Commission published new interpretive guidance regarding board diversity disclosures, which should be considered when preparing proxy statements for upcoming annual shareholder meetings.

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    IHS Markit Brings ESG Reporting to Private Capital Markets

    2019-02-12

    Market Watch: IHS Markit INFO, +0.81% a world leader in critical information, analytics and solutions, today announced the launch of an environmental, social and governance (ESG) data collection and reporting solution for private equity (PE) firms, venture capital (VC) firms, their portfolio companies and investors. The solution is part of iLEVEL, a sophisticated platform connecting participants in private capital markets.

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    Hedge Fund Founder Jeff Tannenbaum’s Next Act Will Be Green

    2019-02-08

    Bloomberg: Jeff Tannenbaum made his fortune through investing; now he’s investing that fortune. He’s chairman emeritus at New York-based Fir Tree Capital Management LP, the hedge fund he founded in 1994, though he began handing over investment responsibilities in the early 2000s and had ceased day-to-day portfolio management by the middle of the decade...

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    CPPIB to Raise €1bn Via First Euro-Denominated Green Bond

    2019-01-30

    IPE: CPPIB is selling €1bn in 10-year fixed-rate notes to enable it to invest further in eligible assets such as renewables, water and real estate projects, as well as diversify the fund’s investor base.

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    Diversity is Crucial for the Future of Finance, Say Some of Canada’s Most Powerful Women

    2019-01-10

    CPA: While there’s widespread perception that female leaders bring a wealth of soft skills to their workplaces, the perception may be an oversimplification of the truth. For Sophia Tsui, senior vice-president and chief auditor at HSBC Canada, relational skills aren’t solely the domain of female leaders.

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    Citigroup Admits It Pays Women 29% Less Than Men

    2019-01-17

    Forbes: In a surprisingly transparent move on Wednesday, Citigroup revealed that female employees globally earn 29% less than their male counterparts, while U.S. minorities earn 7% less than non-minority employees.

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    New CalPERS Board Member Has Serious Concerns About Private Equity Plan and ESG

    2019-01-14 

    Chief Investment Officer: New CalPERS Board member: “When ESG has nothing to do with maximizing returns and it is just for the sake of being socially conscious, it shouldn’t have a place in our retirement plan”.

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