Comment les placements d’épargne-retraite peuvent-ils s’aligner sur les objectifs environnementaux à long terme

Qu’ont en commun les promoteurs de régimes de retraite et les investisseurs durables? Ils ont une vision à long terme. Nous étudions comment différentes catégories d’actifs, en particulier les actifs réels, peuvent s’harmoniser aux objectifs liés au climat à long terme, comme celui d’atteindre la carboneutralité. Par ricochet, nous suggérons aux promoteurs de régimes de retraite, qu’ils soient dans le secteur des prestations déterminées ou des cotisations déterminées, des moyens d’aligner leurs placements sur des objectifs climatiques durables de plus en plus répandus.

Points à retenir :

  • Les risques et les occasions liés au climat sont présents dans pratiquement toutes les catégories d’actifs, mais les actifs réels – notamment les infrastructures, l’immobilier, les terrains forestiers et les terres agricoles – pourraient offrir aux investisseurs des profils de résilience climatique relativement plus solides.
  • À mesure que le monde progresse vers un avenir à faibles émissions de carbone, les placements dans certaines catégories d’actif précises peuvent être optimisés pour rester axés sur les objectifs climatiques et environnementaux.
  • Lorsque les promoteurs de régimes à prestations déterminées (PD) envisagent d’attribuer des mandats et que les promoteurs de régimes à cotisations déterminées (CD) conçoivent et surveillent des gammes de fonds, ces fiduciaires peuvent également être attentifs à la manière dont les portefeuilles de retraite peuvent s’aligner sur les principaux jalons des objectifs climatiques.

Prévalence des objectifs de carboneutralité dans les principales catégories d’actif

Catégorie d’actif

Indice servant d’indicateur

Sociétés déclarant leurs émissions de GES (de portée 1 et 2)

Sociétés ayant déclaré leurs objectifs de carboneutralité

Infrastructures mondiales

Indice S&P Global Infrastructure

89 %

54 %

Fiducies de placement immobilier mondiales

Indice MSCI Monde Immobilier

86 %

25 %

Actions mondiales à grande capitalisation

Indice MSCI Monde tous pays

74 %

35 %

Actions canadiennes toutes capitalisations

Indice composé S&P/TSX

65 %

23 %

Titres à revenu fixe canadiens de base

Indice des obligations universelles FTSE Canada

45 %

16 %

Titres à revenu fixe canadiens de base de longue durée

Indice des obligations à long terme FTSE Canada

38 %

14 %

Sources : Gestion de placements Manuvie, Bloomberg. Données au 30 mars 2023 L’indice S&P Global Infrastructure suit le rendement de sociétés du monde entier qui représentent le secteur des infrastructures cotées en bourse, tout en maintenant la liquidité et la négociabilité. L’indice MSCI Monde Immobilier suit le rendement des sociétés de prêt hypothécaire, des sociétés de gestion immobilière et des fiducies de placement immobilier. L’indice MSCI Monde tous pays suit le rendement des actions à grande et à moyenne capitalisation de sociétés des marchés développés et émergents. L’indice composé S&P/TSX est l’indice de référence canadien qui suit les rendements des sociétés cotées sur la Bourse de Toronto (TSX). L’indice des obligations universelles FTSE Canada suit le rendement d’obligations gouvernementales et de sociétés négociables en circulation sur le marché canadien. L’indice des obligations à long terme FTSE Canada suit le rendement d’obligations gouvernementales et de sociétés négociables à long terme en circulation sur le marché canadien. Il n’est pas possible d’investir directement dans un indice.

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Emilie Paquet, FSA

Emilie Paquet, FSA, 

Chef des initiatives stratégiques et de l'innovation, Équipe Solutions multiactifs

Gestion de placements Manuvie

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Alyson J. Slater

Alyson J. Slater, 

Chef, Investissement durable Canada, Marchés publics, Gestion de placements Manuvie

Gestion de placements Manuvie

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Vishal Mansukhani, CFA

Vishal Mansukhani, CFA, 

Gestionnaire de portefeuilles clients multiactifs mondiaux, équipe Solutions multiactifs

Gestion de placements Manuvie

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