{"id":19518,"date":"2020-09-10T09:00:35","date_gmt":"2020-09-10T13:00:35","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/batirente-setting-new-climate-commitment-for-2025-149672"},"modified":"2020-09-10T09:00:35","modified_gmt":"2020-09-10T13:00:35","slug":"batirente-sets-new-climate-commitment-for-2025","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/09\/10\/batirente-sets-new-climate-commitment-for-2025\/","title":{"rendered":"B\u00e2tirente sets new climate commitment for 2025"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2018\/05\/Batirente_DanielSimard.png\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"B\u00e2tirente sets new climate commitment for 2025\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff <\/span>&nbsp;|&nbsp;September 10, 2020 <\/p>\n<p>Acknowledging that the multi-faceted causes and consequences of climate change call for different methods, Quebec-based pension fund B\u00e2tirente is publishing a new climate commitment.<\/p>\n<p>\u201cEffectively supporting the transition to an economy that is aligned with the objectives of the Paris&nbsp;[Agreement] requires a multi-dimensional approach,\u201d&nbsp;said Daniel Simard, the&nbsp;pension fund\u2019s&nbsp;chief executive&nbsp;officer, in a press release. \u201cIt is essential to simultaneously reduce greenhouse gas emissions and facilitate the financing of solutions and resilience, while convincing companies to make the commitment to increase their energy efficiency, to migrate to renewable energies and even to transform their business models.\u201d<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/how-batirente-takes-esg-reporting-to-the-next-level-104465\">How B\u00e2tirente takes ESG reporting to the next level<\/a><\/strong><\/p>\n<p>By 2025, B\u00e2tirente&nbsp;will:<\/p>\n<ul>\n<li>Gradually reduce its exposure to climate risk by 50 per cent through&nbsp;the reduction of its investment&nbsp;in GHG-emitting companies,&nbsp;thus reducing&nbsp;the carbon footprint of its portfolios.<\/li>\n<li>Invest in the economy\u2019s transition&nbsp;by doubling&nbsp;its capital allocation in impact investments \u2014 currently, 13 per cent of its assets under management \u2014 in order to actively contribute to environmental solutions, including those that promote a just energy transition, clean energy, innovation and job creation in these future sectors and to participate in the financing of climate-resilient infrastructure.<\/li>\n<li>Direct&nbsp;its shareholder commitment to improve the climate protection performance of companies&nbsp;by&nbsp;encouraging&nbsp;decisions aimed at meeting&nbsp;the current and future commitments of governments with respect to the climate and environmental crisis and to&nbsp;set a path for their&nbsp;business strategies&nbsp;toward&nbsp;sustainable development.<\/li>\n<li>Collaborate with partners committed to mobilizing all sectors of society in the transition to a low-carbon economy.<\/li>\n<li>Report regularly&nbsp;on its progress and achievements toward each of these objectives.<\/li>\n<\/ul>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/batirente-raises-assets-in-energy-transition-with-15m-investment-in-green-bond-fund-107735\">B\u00e2tirente raises assets in energy transition with $15M investment in green bond fund<\/a><\/strong><\/p>\n<p>\u201cIt is important for B\u00e2tirente to fulfil its fiduciary responsibility by taking the necessary steps to allocate the capital entrusted to us in the best possible way,\u201d said Pierre Patry, treasurer of the Conf\u00e9d\u00e9ration des syndicats nationaux and chairman of the board of directors at B\u00e2tirente, in the release. \u201cOur commitment aims at mitigating both the cause of global warming by reducing greenhouse gas emissions and the consequences of this climate change by building resilience.\u201d<\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/batirente-setting-new-climate-commitment-for-2025-149672\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff &nbsp;|&nbsp;September 10, 2020 Acknowledging that the multi-faceted causes and consequences of climate change call for different methods, Quebec-based pension fund B\u00e2tirente is publishing a new climate commitment. \u201cEffectively supporting the transition to an&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19518"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=19518"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19518\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=19518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=19518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=19518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}