Can retirement plan sponsors think green?

Taking environmental issues into account in pension plans
By Natasha vandenHoven
|Canadian HR Reporter|Last Updated: 08/08/2007

The environment has become an area of critical concern for almost everyone. Can, or should, pension plan sponsors and administrators take environmental issues into account in relation to their investment decisions about the assets of retirement plans?

The legal answer to this question is not a simple one and is most probably: “It depends.”

That’s because, in most provinces and federally, pension benefits standards legislation has imposed broad statutory prudent-person requirements on the administrator of the pension plan with respect to investment.