Canadian Pension to Invest C$5 Billion in Green, Social Bonds by 2025
British Columbia Investment Management also aims to cut carbon exposure of public equities by 30%. The C$171.3 billion ($135.9 billion) British Columbia Investment Management Corp. (BCI) said it will invest an additional C$5 billion in sustainability bonds by 2025, up from C$887 million at the end of last year. The pension fund also said it will reduce the carbon exposure in its global public equities portfolio by 30% by 2025, using 2019 as a baseline. The moves are part of BCI’s commitment to five-year climate-related targets for its public markets program. “These targets will help ensur...