Daily News Alerts
Joe Hornyak
Former editor of Benefits and Pensions Monitor and founder of Joe Hornyak Communications
To register for Benefits and Pensions Monitor's Daily News Alerts, click here
Ontario Teachers’ Focuses On ‘Three Ds’
The Ontario Teachers' Pension Plan is increasingly focused on what it calls the “Three Ds” ? digitization,?decarbonization,?and?disparity. ‘The Three Ds: How Digitization, Decarbonization and Disparity Are Shaping the Future of Investing’ says a more digital way of life was already underway when the pandemic supercharged it. It is now clear that a seismic transformation is taking place that will test people, businesses, and governments and open up opportunities to do things better. For investors, the challenge will be supporting businesses as they adapt to a more digital world. Climate change has become more urgent, making decarbonization a business imperative and investors are playing a key role in the climate fight, both by setting their own emissions-reduction targets and pushing for change at the companies in which they invest. Private capital’s role in the energy transition cannot be understated, it says. As well, the pandemic both widened disparity and shone an uncomfortable spotlight on it. Governments in advanced economies cushioned the blow with massive relief programs, while countries with fewer fiscal options faced more hardship. The global economic recovery has been uneven, testing people, policymakers, and businesses alike. Because it reduces economic opportunity and increases political and social risks, growing disparity is a major concern for investors, says the report.
领英推荐
Coalition Sets ESG Guidelines
An open resource to help pension funds structure contract language establishing minimum environmental, social, and governance (ESG) guidelines in investment agreements with asset managers has been created by the?Pension Fund Coalition for Inclusive Capitalism (an initiative of the?Coalition for Inclusive Capitalism)?and the?Ira M. Millstein Center for Global Markets and Corporate Ownership?at Columbia Law School. The coalition has developed model ESG contract language for use in asset owner-manager agreements, encompassing a range of approaches to pension fund investments in public and private equity markets. The resource is intended to protect against superficial implementation of impact-oriented standards and afford asset owners the ability to direct their asset managers to invest in line with their priorities. “For capitalism to be inclusive and sustainable, capital must work for the long term,” says Lynn Forester de Rothschild, founder of the coalition and founding and managing partner at Inclusive Capital Partners. “The most powerful lever of investment change lies with asset owners, who can steer investment toward sustainable business and continue to provide value for their beneficiaries.” Flexible across a range of scenarios, approaches, and public or private markets, it offers portfolio and legal teams pragmatic ESG tools for model mandates, voting rights, reporting requirements, and sample ESG factors and criteria. For more, visit www.coalitionforinclusivecapitalism.com
For details on these stories, visit www.bpmmagazine.com