The SHARE Responsible Investment Workshop for Religious Investors on November 21, 2019 in Toronto brought together investors from across the country.
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Pension fund trustees and their investment managers and service providers have a fiduciary obligation to pension beneficiaries to act prudently in their best interests in making investment decisions regarding fund portfolios. Pension funds will potentially lose significant value of their investments if they do not act as prudent investors by recognizing climate change financial risk as well as climate driven investment opportunities. The panel will discuss strategies to meet prudential obligations to undertake careful evaluation of climate change and share examples of investment strategy decisions that are based on a time frame commensurate with the pension plan’s liabilities.
Panelists:
Murray Gold, Senior Pensions and Benefits Partner, Koskie Minsky LLP
Janis Sarra, UBC Presidential Distinguished Professor and Professor of Law at the Allard School of Law, University of British Columbia
Jacky Shen, Director, Treasury at SFU
Stephanie Bertels (moderator), Director of the Centre for Corporate Governance and Sustainability at SFU Beedie School of Business, and Trustee and Co-Chair of the SFU Academic Pension PlanDate: October 31, 2019
Time:
7:30am – 8:00am Guest Sign-In & Vegetarian Morning Snacks
8:00am – 9:30am Forum & Panelist Discussion
9:30am – 10:00am Open Networking
Location:
Segal Graduate School of Business
500 Granville Street, Vancouver, BC
Room 2300 (2nd floor)
This event is complimentary. However, registration is required. Please click the “Register Here” button below to reserve your seat.
This event is co-hosted by:
Centre for Corporate Governance and Sustainability at SFU Beedie School of Business
Canada Climate Law Initiative
Dhillon Centre for Business Ethics at UBC Sauder School of Business
Shareholder Association for Research and Education (SHARE)
Centre for Business Law at UBC Allard School of Law
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Shareholders of Cenovus Energy Inc. (TSE:CVE) will vote on a proposal requesting that the Canadian oil and gas company sets and publishes targets aligned with the goal of the Paris Agreement.
A group of almost 100 institutional investors representing $6 trillion in assets recently announced the launch of a campaign called Fueling Water Disclosure to promote sustainable water resource management in the oil and gas sector.
Shareholders led by New York state and the Church of England are calling on global oil giant Exxon Mobil to set targets for cutting its greenhouse gas emissions, in a sign of growing investor pressure on fossil fuel groups to address climate change.
SHARE is hosting the 9th Annual Responsible Investment Workshop for Religious Investors, where religious investment decision-makers gather to network and learn about responsible investment.
SHARE has been engaging with Canadian companies to integrate climate change considerations into their businesses. All six of the major Canadian banks have begun to respond to our engagement demands and take concrete steps to address climate risks.
With the recent signing of the Paris Agreement on climate change, Canada has committed to limiting the increase in global average temperatures below 2°C, and to pursue efforts to limit the temperature rise to 1.5°C. The years ahead promise physical, regulatory, financial and reputational risks for companies and investors related to climate change. Successful firms and investors will have to adjust to thinking of the long-term sustainability of their operations and how to transition to a lower carbon economy.
Water scarcity is an urgent global issue being exacerbated by climate change and a growing population. By 2030, the world will face a 40% deficit in water supply under business-as-usual scenario predictions.
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