8 Results for risk

A whopping 85 per cent of Canadian organizations are investing in emerging technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT). Few of them, however, are managing the risks associated with technology, such as cybersecurity threats and lack of talent. These are just a few of…

June 28, 2018 @ 8:59am

A new report from the UN Environment Finance Initiative (UNEP FI) working group, a collaboration among sixteen international financial institutions, proposes a methodology to increase banks’ understanding of how climate change and climate action could impact financial risk assessment. UNEP FI commissioned Oliver Wyman, the international consulting firm, to produce…

April 30, 2018 @ 1:37pm

The federal government has announced that it will create a Sustainable Finance Expert Panel to consult with Canada's business leaders, including insurers, on opportunities related to sustainable finance, including climate-related disclosures. The Expert Panel builds on the work of the Task Force on Climate-related Financial Disclosures (TCDF), led by Michael Bloomberg, that was…

April 13, 2018 @ 10:04am

Thirty Canadian and international institutional investors and pension funds representing approximately CAD $1.2 trillion of assets under management have issued a joint Declaration of Institutional Investors on Climate-Related Financial Risks. The declaration calls on publicly-traded companies in Canada to commit to enhanced disclosure on their exposure to climate risks and the measures they are taking to manage them. Although…

October 27, 2017 @ 11:41am

On Friday, Saskatoon began water infrastructure upgrades worth a total of $43.3 million as part of the 2017 Water Main, Sanitary Lining and Lead Water Pipe Replacement Initiative. “Modern, efficient water, wastewater, and stormwater management infrastructure is essential to the well-being of Canadian families and creates economic growth and middle-class…

May 29, 2017 @ 9:24am

Borealis Infrastructure, the infrastructure investment manager for OMERS, which is the pension plan for Ontario’s municipal employees, has formed a consortium with a Kuwaiti investment firm to purchase a stake in Britain’s Thames Water. The Canadian and Kuwaiti consortium purchased their stakes in the Thames from Australia’s Macquarie Group, which…

March 15, 2017 @ 8:13am

The Fifth Regional Platform for Disaster Risk Reduction in the Americas (RP17) concluded this week, which focused on regional policies for preventing natural and human-induced hazards, such as those exacerbated by climate change like flood, drought, and wildfire. At RP17, delegates gathered to approve a Regional Action Plan (RAP) to…

March 10, 2017 @ 10:57am

Organizations representing the actuarial profession in Canada and the United States launched the Actuaries Climate Index (ACI), which has found that incidents of extreme weather have increased threefold from the reference period. The risk measured by the ACI is relative to the average frequencies during the reference period of 1961–1990.…

January 20, 2017 @ 11:54am