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. Some 54% of 2016 emissions are now under some form of net-zero commitment, up from 34% at the start of last year. The Canadian fund joins a growing number of asset owners to make such a move, although some are declaring an earlier deadline than 2050. We'll suspend your pension for as long as you continue to work. Today, the plan's members include 173,000 teachers in elementary and secondary schools in Ontario, 111,000 pensioners, and 72,000 inactive members. Read more: Kellyanne Conway accused of tweeting topless photo of teen daughter Claudia, Biden signs ‘Buy American’ executive order, limiting exceptions for Canada, White House defends revoking Keystone XL permit, says Biden committed to clean energy jobs, Canadian Space Agency using satellites to track endangered right whales, Canada didn’t start Keystone XL dispute — the president did, Kenney says in rebuke of Biden, All but 5 Republicans vote to dismiss Trump impeachment trial on constitutional grounds, B.C. Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday. 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. St. Louis-based packaging supplier TricorBraun said it entered into a definitive stock purchase agreement with funds managed by Ares Management Corp.’s Private Equity Group and Ontario Teachers’ Pension Plan Board. It said around £1.7bn would end up being invested in the fund, a low-cost solution designed to track the performance of the FTSE Developed ESG Low Carbon Select Index before charges. The steel mills in the Hamilton waterfront harbour are shown on Tuesday, Oct. 23, 2018. Here's what you need to know about these components of your retirement income. This article originally ran on our sister site, Benefits Canada. 35 talking about this. The plan has one of Canada's largest payrolls with $4.2 billion in benefits paid to plan members, and $2.3 billion received in total contributions from teachers and the provincial government in 2008. The plan returned 6.3% in the first half. Contributions to Ontario Teachers' are lower on earnings up to the CPP limit and higher on earnings above it. 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. Welcome to IPE. 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. Business; Ontario Teachers’ Pension Plan aims to reach net zero by 2050 Ontario Teachers’ Pension Plan aiming for net zero greenhouse gas emissions by 2050. Today, the plan's members include 173,000 teachers in elementary and secondary schools in Ontario, 111,000 pensioners, and 72,000 inactive members. This is called the “0.6 rule.” Please review the following questions and answers if you plan to return to work as a teacher after your ATRF pension has started. This is based on MSCI data. Sunshine list—the latest evidence teacher compensation is on the rise. Ontario teachers since 1917. The coalition included Shift Action for Pension Wealth and Planet Health, Fridays for Future Toronto and a group of working and retired Ontario teachers who wanted the plan to stop investing their retirement savings in oil, gas, coal and pipeline companies. 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. 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.”. 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. The Ontario Teachers' Pension Plan Board (French: Régime de retraite des enseignantes et des enseignants de l'Ontario) is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario.Ontario Teachers' also invests the plan's pension fund, and it is one of the world’s largest institutional investors. 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 … The company stated that over the coming months, it will establish concrete targets for portfolio emissions and investments in climate solutions. Black Lives Matter movement turns up heat for boards to walk the talk of racial diversity . 104 talking about this. Last week Aegon UK announced a 2050 net-zero emissions target for its auto-enrolment default pension funds, and an ambition to halve emissions by 2030. 3233596, VAT No. latest newspaper headlines - Breaking news - Local news - Ottawa news - Canada news - Covid 19 - latest international breaking news and headlines, today's world breaking news, NewsArticles An energy screen is also said to be applied, while positive tilts are applied to companies with green revenues and a strong climate strategy. 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 […] Search 32 Ontario Teachers' Pension Plan Otpp jobs now available on Indeed.com, the world's largest job site. We administer the pensions and invest plan assets for Ontario… Ontario Teachers' Pension Plan Board provides pension services for teachers. To access this article please sign-in below or register for a free one-month trial. Search 20 Ontario Teachers' Pension Plan Finance jobs now available in Mississauga, ON on Indeed.com, the world's largest job site. This site uses cookies. Jo Taylor, OTPP […] Re-employment in excess of 50 days per school year (Sept – Aug) may affect receipt of your pension. Open Section Navigation. D10000 "Ontario Teachers' Pension Plan" DM0000: The Mark Consists Of The Word "Ontario" Above The Word "Teachers'" And Then Below Is The Word "Pension Plan". To access this article please sign-in below or register for a free one-month trial. The issuance is fully, unconditionally and irrevocably guaranteed by Ontario Teachers’ Pension Plan Board (Ontario Teachers’). Search 19 Ontario Teachers' Pension Plan Finance jobs now available in Toronto, ON on Indeed.com, the world's largest job site. TricorBraun said its management team, including Executive Chairman Keith Strope and … 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. The European Leveraged Finance Association (ELFA) and the Principles for Responsible Investment (PRI) have launched sector-specific guidance on ESG disclosures for sub-investment grade corporate borrowers. It also incorporates certain exclusions. How Ontario Teachers' and CPP work together. 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. 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. Mr. Leech joined Teachers’ in 2001 to lead Teachers’ Private Capital and was … Tim Orton, managing director for investment solutions at Aegon, said it had embarked on an “ambitious programme of change across our default range”. Northern Trust Asset Management has launched an emerging market ‘green transition’ index strategy. The Ontario Teachers' Pension Plan Board (Ontario Teachers'; French: Régime de retraite des enseignantes et des enseignants de l'Ontario or RREO) is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario.Ontario Teachers' also invests the plan's pension fund, and is one of … 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 … A guide on ESG disclosure in leveraged finance transactions for company advisers has also been produced. 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. 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. 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 (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. Ontario Teachers’, Ares Buy Packaging Company. THE CANADIAN PRESS/Jason Franson. April 21, 2017 1:54PM. In 2020, companies, governments and households also spent $139bn on electric vehicles and associated charging infrastructure, up 28% and representing a new record. 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”. The Ontario Teachers’ Pension Plan Board (OTTPB) is investing $350 million in US dollars into performing and distressed private credit in India. Established as an independent organization in 1990, the Ontario Teachers’ Pension Plan employs roughly … Climate groups cheer U.S. return to Paris Agreement, but push Biden for more. 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 stop investing … The investors agreed to take a majority interest in TricorBraun, a privately held … Want to discuss? We're Canada's largest single-profession pension plan. 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. Ontario Teachers’ Pension Plan Board has no plan to immediately divest its sizable fossil fuel holdings as part of a new goal to achieve net-zero carbon emissions in its portfolio by 2050. Education. 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. 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. September 08, 2015 GRESB Infrastructure offers a global sustainability benchmark for infrastructure assets AMSTERDAM - A group of global institutional infrastructure investors, including AIMCo, APG, ATP, Aviva Investors, CalPERS, Mirova, Ontario Teachers' Pension Plan and PGGM, representing US$1.5 trillion, today announced the launch of … OECTA - Ontario English Catholic Teachers Association. Ares and Ontario Teachers’ will acquire a majority interest in the company. 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. Ares and Ontario Teachers’ will acquire a majority interest in the company. Life & Career Events. The issuance is fully, unconditionally and irrevocably guaranteed by Ontario Teachers’ Pension Plan Board (Ontario Teachers’). 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 ESG Fact Sheets contain the topics that are most important to investors, which have been discussed with companies operating in those sectors.”, Finnish pension provider uses own fund selection screening to award mandate, Implied temperature rise metric is catching on, although underlying methodologies vary, Publication of target-setting protocol ‘sets the net-zero implementation ball rolling’, World’s largest asset manager to disclose temperature alignment metric, adopt ‘heightened scrutiny model’, Pension providers should note “any possible structural shifts in the loan markets”, says watchdog, An investor group, led by CEPB and the Council on Ethics of the Swedish National Pension Funds, has committed to further interventions to drive change, including on tailings dams, Copyright © 1997–2020 IPE International Publishers Limited, Registered in England, Reg No. Here 's what you need to know about these components of your Pension for long! 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