Helen Chan and Julie DiMauro, (Oct 5, 2020) Helen Chan and Julie DiMauro of Thomson Reuters Regulatory Intelligence look at how US and Canadian companies are responding to investor and consumer pressure to promote race relations in their own operations Business; Ontario Teachers’ Pension Plan aims to reach net zero by 2050 The Ontario Teachers' Pension Plan oversees the pensions of more than 329,000 active and retired teachers in the province and handles about $204.7 billion in net assets. 685 1784 92. The issuance is fully, unconditionally and irrevocably guaranteed by Ontario Teachers’ Pension Plan Board (Ontario Teachers’). Last year it added ESG elements to its default strategies for its master trust and TargetPlan product, which is for larger organisations than the ARC proposition. Compiled with input from credit analysts, portfolio managers, and ESG specialists, the ESG Fact Sheets are intended to be used as a standard set of industry disclosures to bring greater consistency to ESG metrics. Re-employment Limits and Rules. The “ESG Fact Sheets” are designed to support borrowers in preparing ESG disclosure, and to facilitate engagement on important ESG topics between investors and the companies to which they lend. TORONTO — An environmental coalition is appealing to Ontario teachers to pressure their pension fund to divest from companies that develop or transport fossil fuel products. The fund is fossil fuel-free, excluding companies with fossil fuel reserves. TORONTO — The Ontario Teachers’ Pension Plan Board says it is committing to achieving net-zero greenhouse gas emissions by 2050 with a slew of climate-friendly promises. Caisse de dépôt et placement du Québec, OTTP’s peer, is a member of the UN-convened Net-Zero Asset Owner Alliance and as such has also committed to net-zero portfolio emissions by 2050. We're Canada's largest single-profession pension plan. Jo Taylor, OTPP […] The Ontario Teachers’ Pension Plan is the largest single-profession pension plan in Canada with $204.7 billion in net assets as of June 30, 2020. The Ontario Teachers’ Pension Plan increased its net assets by $10.3 billion in the first half of the year, reaching a total of $201.4 billion as of June 30, 2019, and achieving a return of 6.3 per cent. The change to the ARC range means that both of Aegon’s workplace pension propositions “include a significant ESG allocation in their respective default funds,” Aegon said. A record $501.3bn (€412bn) was committed to decarbonisation in 2020 using a new, broad measure of energy transition investment compiled by BloombergNEF, the research provider said this week. 156 talking about this. Ben Eisen, Angela MacLeod. The promises come weeks after an environmental coalition launched a campaign encouraging the board to divest from companies that develop or transport fossil fuel products. Ontario Teachers’ Pension Plan purchased a majority stake in Nvision Eye Centers, a provider of comprehensive eyecare services in the western U.S. As part of the transaction, Nvision founder, Dr. Tom Tooma, will retain a significant minority position in Nvision and he will serve as the chief medical officer and a member of the board […] OTTP today said some of the key elements of its net-zero approach would be to increase investments in climate-friendly investments and solutions, ensure portfolio companies manage and report their emissions annually, and advocate clear climate policies and partner with global organisations “to effect change”. after distress call, As Ottawa mulls more travel restrictions, CBSA has turned away more than 30K at border, ‘Global Day of Action’ rallies held in support of Indian farmers protest, U.S. Senate sworn in ahead of Trump impeachment trial, Great Canadian Gaming CEO resigns over alleged vaccine queue jumping, Coronavirus: Trudeau defends Canada’s border, travel restrictions, Blind dog up for adoption in Alberta, comes with ‘seeing eye cat’, Toronto nurse who died by suicide remembered as dedicated health-care worker, Climate groups cheer U.S. return to Paris Agreement, but push Biden for more. OAS has no impact on your Ontario Teachers' pension. The company stated that over the coming months, it will establish concrete targets for portfolio emissions and investments in climate solutions. Ontario teachers since 1917. Ontario Teachers’ Finance Trust (OTFT) disclosed the issuance of a €750 million 10-year Green Bond. In recent months pension funds and other institutional investors have faced growing pressure to divest from fossil fuels and allocate funds into low or zero-carbon energy products. It also incorporates certain exclusions. Your pension will resume on the earlier of: the month in which you have no re-employment service, or; September 1 following the school year in which your pension was suspended. In a Jan. 7 news release, TricorBraun said that its … Your eligible spouse or children may be entitled to survivor benefits. The Ontario Teachers' Pension Plan, Toronto, is committing to achieving net-zero greenhouse gas emissions by 2050, officials there announced. “With coordinated action net-zero by 2050 is an ambitious but achievable goal. Today, the plan's members include 173,000 teachers in elementary and secondary schools in Ontario, 111,000 pensioners, and 72,000 inactive members. TORONTO — The Ontario Teachers’ Pension Plan Board says it is committing to achieving net-zero greenhouse gas emissions by 2050 with a slew of climate-friendly promises. Sunshine list—the latest evidence teacher compensation is on the rise. Search 32 Ontario Teachers' Pension Plan Otpp jobs now available on Indeed.com, the world's largest job site. April 21, 2017 1:54PM. Staff | January 22, 2021 . Canada's largest single-profession pension plan says in the coming weeks it will establish concrete targets for portfolio emissions and ensure companies it invests in report emissions annually. November 7, 2012 Toronto Roundtable Event - Canada's Leadership in Pension Funding Innovation. As head of the Ontario Teachers’ Pension Plan, Jim Leech oversees the management of the pension fund and the administration of pensions for 300,000 plan members in Ontario. We administer the pensions and invest plan assets for Ontario… We administer the pensions and invest plan assets for Ontario… Contributions to Ontario Teachers' are lower on earnings up to the CPP limit and higher on earnings above it. The Canadian fund joins a growing number of asset owners to make such a move, although some are declaring an earlier deadline than 2050. Ontario Teachers’ Pension Plan Board (OTPP) is committing to achieve net-zero greenhouse gas emissions by 2050, it announced today. Ontario Teachers’ Pension Plan (OTPP), one of Canada’s largest investors, with over $200 billion in assets under management, announced a new sustainability commitment, targeting net zero greenhouse gas emissions by 2050. Canada’s largest single-profession pension plan says in the coming weeks it will establish concrete targets for portfolio emissions and ensure companies it invests in report emissions annually. TORONTO — An environmental coalition is appealing to Ontario teachers to pressure their pension fund to divest from companies that develop or transport fossil fuel products. ... Get the latest news from the Fraser Institute on the latest research studies, news and events. Ontario Teachers’ Pension Plan Board (Ontario Teachers’) led the round with participation from funds managed by Fidelity International and Schroders, along with existing Graphcore investors including Baillie Gifford and Draper Esprit. Read more: Northern Trust Asset Management has launched an emerging market ‘green transition’ index strategy. Please read our Commenting Policy first. Ontario Teachers’ Pension Plan Board is buying an Italian gas pipeline company from a Macquarie Infrastructure and Real Assets (MIRA) fund. The Canadian fund joins a growing number of asset owners to make such a move, although some are … The parent index is the MSCI Emerging Markets index. Stuart White, UK and international CEO at HSBC GAM, said the new fund allowed for the underweighting of less desirable stocks without excluding them entirely, which “aligns with our approach of supporting companies as they transition to become more sustainable”. Life & Career Events. Jon Moore, chief executive officer of BNEF, said: “The coronavirus pandemic has held back progress on some projects, but overall investment in wind and solar has been robust and electric vehicle sales jumped more than expected.”. The financial group described the move as “an early step” towards its portfolio emission reduction targets. 35 talking about this. Some 54% of 2016 emissions are now under some form of net-zero commitment, up from 34% at the start of last year. Pensioners can work directly or indirectly for a participating employer up to 50 days in each school year following retirement without interrupting their … TORONTO — The Ontario Teachers’ Pension Plan Board says it is committing to achieving net-zero greenhouse gas emissions by 2050 with a slew of climate-friendly promises. Canada’s largest single-profession pension plan says in the coming weeks it will establish concrete targets for portfolio emissions and ensure companies it invests in report emissions annually. The pension plan manager says it will direct proceeds from a green bond offering towards climate-friendly investment opportunities and advocate for clear climate policies with the help of global organizations it will partner with. Today, the plan's members include 173,000 teachers in elementary and secondary schools in Ontario, 111,000 pensioners, and 72,000 inactive members. Ontario Teachers' Pension Plan has participated in 1 event, Toronto Homecoming on Oct 1, 2015. Search 38 Ontario Teachers' Pension Plan Privacy jobs now available in Toronto, ON on Indeed.com, the world's largest job site. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP, Global managers register largest yearly AUM increase in 2019, ​Varma pumps €198m into Nordea’s ESG EM equities fund, Lyxor discloses ‘temperature’ of more than 150 ETFs, Net-zero alliance finalises framework for asset owners’ 2025 targets, BlackRock sets out 2021 net-zero support commitments, ​Danish FSA warns pension funds of weaker illiquid credit loan terms, Investors set 2030 deadline for mining reforms, Print advertising rates and specifications, Digital advertising technical specifications (pdf). This article originally ran on our sister site, Benefits Canada. Activists at Shift Action for Pension Wealth and Planet Health, which tracks Canadian pension funds’ fossil fuel investments, said OTTP should have released today the details about how it planned to achieve its goal. Education. OTPP said that over the coming months, it would hold itself accountable by establishing concrete targets for portfolio emissions and its investments in climate solutions. couple who flew to Yukon for COVID-19 vaccine ineligible for 2nd dose until August, Canadian crews, U.S. Coast Guard search for downed plane off B.C. The bulk ($303.5bn) of the investment was in new renewable energy capacity. In a four minute YouTube video, a group of students from across Ontario read a letter to their teachers, asking them to push the Ontario Teachers' Pension Plan to … Other areas of investment were domestic installation fo energy-efficient heat pumps ($50.8bn, up 12%), stationary energy storage technologies ($3.6bn, level with 2019), and carbon capture and storage ($3bn, up 300%), and hydrogen ($1.5bn, down 20%). From this month, Aegon said, key ARC default funds would start to invest in the HSBC Developed World Sustainable Equity Index Fund, reaching a total of around 30% of assets for members in the growth stage within six months. News round-up: Ontario Teachers' Pension Plan commits to net-zero, EIB says 'gas is over', pension funds' climate demands for UK government ... and more. 3233596, VAT No. Europe accounted for the biggest chunk ($166.2bn) of investment, driven by a record year for electric vehicle sales and the best year for renewable energy investment since 2012, said BNEF. In a four minute YouTube video, a group of students from across Ontario read a letter to their teachers, asking them to push the Ontario Teachers’ Pension Plan … Life ... Retirement Life; Life & Career Events. The Ontario Teachers’ Pension Plan Board and private equity group Ares Management Corp. will acquire a majority of shares in St. Louis-based packaging distributor TricorBraun. TORONTO — The Ontario Teachers’ Pension Plan Board says it is committing to achieving net-zero greenhouse gas emissions by 2050 with a slew of climate-friendly promises. Close Section Navigation. The Ontario Teachers’ Pension Plan (OTPP) is looking to funnel more capital into its real assets portfolio — which includes infrastructure — as part of a plan to grow its operations in Europe and Asia, according to Reuters. It is an independent organisation that invests the pension fund’s assets and administers the pensions of 329,000 active and retired teachers in Ontario. The Ontario Teachers’ Pension Plan oversees the pensions of more than 329,000 active and retired teachers in the province and handles about $204.7 billion in net assets. Open Section Navigation. We're Canada's largest single-profession pension plan. The plan returned 6.3% in the first half. We are committed to playing our part alongside other organisations and governments around the world to effect significant, positive change.”. Mr. Leech joined Teachers’ in 2001 to lead Teachers’ Private Capital and was … BNEF said this was up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50bn surge for offshore wind. Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday. In recent months pension funds and other institutional investors have faced growing pressure to divest from fossil fuels and allocate funds into low or zero-carbon energy products. Toronto (4 April 2008) – The pension plan for Ontario teachers is facing a $12.7 billion shortfall and must decide what to do about it before the fall. ) may affect receipt of your Pension Finance Trust ( OTFT ) disclosed the issuance is fully, and... 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