Canada's biggest pension fund will sell companies that don't take ESG seriously

Known as CPPIB, the Toronto-based pension fund is one of the world’s largest institutional investors in private equity, with billions invested directly and through funds. The firm has said it will consider voting against all directors at companies where there are oversight failures related to climate change, board gender diversity and deficient corporate governance.Article content

Temasek Holdings Pte.’s chief executive Dilhan Pillay took a different view on how to deal with portfolio companies. “You can’t force change because it has to come from within,” he said on the same panel. Singapore’s state-owned investment firm, which manages more than US$280 billion, has long argued that divesting from sectors such as fossil fuels could transfer the problem to new owners that aren’t as committed to tackling climate change.“You have to make sure you pull everyone along with you to make it really sustainable in the long term,” Pillay said.

As traditional energy outperforms and security concerns grow, the debate around divestment is intensifying. It’s one of the biggest dilemmas for environmental, social and corporate governance proponents: whether investors trying to help reduce emissions should stop funding businesses that pollute the planet, or engage and guide them toward a just transition, while reaping windfall profits.

Then I will short them.

Oh look! 👇 FTX had a higher ESG score than ExxonMobil! What a scam!

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Canada's biggest pension fund will sell companies that don't take ESG seriouslyCPPIB chief John Graham says the pension will divest if efforts to commit to net zero fail. Find out why other funds don\u0027t share his view. This is bad... bad to the bone Who cares. ESG is a huge scam.
La source: nationalpost - 🏆 10. / 80 Lire la suite »

Canada's biggest pension fund will sell companies that don't take ESG seriouslyCPPIB chief John Graham says the pension will divest if efforts to commit to net zero fail. Find out why other funds don\u0027t share his view. can we sue the pension funds because of poor judgement in investing. Funny part is most of the ESG funds added (quietly mind you) oil and gas for the returns. It’s okay Danielle Smith will invest in them
La source: fpinvesting - 🏆 43. / 63 Lire la suite »