News & Updates
Report shows pension funds' readiness to transition to more sustainable investing opportunities
April 26, 2023
Corporate Knights recently published a report concerning Canadian pension funds and their approach to responsible investing.
The report — Canadian Pensions Dashboard for Responsible Investing — examines pension funds' readiness to transition to clean energy, among other responsible investing opportunities. Here are some key findings in the report, based on data from 2021:
- There was a 6% rise in “sustainable investments” for pension funds from 2020 to 2021 — from 7% to 13%.
- Based on qualitative research into fund directors’ backgrounds, the number of E&S-competent board members more than doubled, reaching an average of 34%.
- Despite progress in sustainable and E&S-competent investing, funds showed null progress on diversity measures, with the report rating the average fund’s diversity quotient at 26% – virtually the same score as the previous year, based on assessment of both gender and racial diversity for the funds’ top management and their boards of directors
To read the full report, click on more information below:
