Caisse and Ontario Teachers Unveil G-7 Investor Alliance
- Institutions collectively manage more than C$6 trillion
- Group to also include Allianz, Aviva, Natixis Investment
Michael Sabia
Photographer: Victor J. Blue/BloombergA pair of Canadian pension funds and Prime Minister Justin Trudeau’s government announced an institutional investors’ “leadership initiative” aimed at boosting global efforts on climate change, infrastructure and gender equality.
Michael Sabia, chief executive officer at the Caisse de Dépôt et Placement du Québec, and Ron Mock, chief executive officer at the Ontario Teachers’ Pension Plan Board, unveiled the initiative in Toronto on Wednesday along with Finance Minister Bill Morneau and Environment Minister Catherine McKenna. The group will enhance expertise in infrastructure finance and development in emerging economies, boost roles of women in finance and speed up implementation of climate-related risk disclosure, the Caisse said.