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Many of Canada’s major pension funds are taking some steps to protect Canadians’ retirement savings from the worsening climate crisis by aligning their investments with the world's climate goals and setting their own targets, but there is still a long way to go.
The boards of Canada’s largest pension funds are already inundated with fossil fuel connections and the Ontario Teachers’ Pension Plan is about to add a former executive with ongoing ties to the industry to the mix.
The British Columbia Investment Management Corporation holds a total of $199.6 billion in managed assets and oversees retirement savings for the province's teachers, nurses, municipal workers and other government workers, according to its site.
After hosting an event for investors with CAPP in early April, Scotiabank has confirmed it is no longer a member of the oil and gas lobby group
The Public Sector Pension Investment Board is committing to using its capital and influence to support a transition to net-zero emissions by 2050, according to its inaugural climate strategy report. The strategy also includes commitments to curbing the intensity of its portfolio’s greenhouse gas emissions by at least 20 per cent, increase its investments in green assets […]