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AUM in Action

CPP Investments Outlines Progress Toward Net Zero Goal

The Canada Pension Plan Investment Board (CPP Investments) has unveiled its 2023 Report on Sustainable Investing, emphasising the critical role of active ownership in delivering results to beneficiaries. The report highlights significant advancements toward the CPP Investments’ net zero emissions commitment within the backdrop of a challenging investment and economic landscape. “Investing sustainably drives value for CPP Investments and is an important factor at every stage of our investment process as we help create retirement security for generations of Canadians,” said John Graham, President and CEO of CPP Investments. “CPP Investments’ approach to sustainable investing contributes to our ability to compete globally and creates long-term value in the best interests of the more than 21 million contributors and beneficiaries of the Canada Pension Plan.” The organisation updated its Proxy Voting Principles and Guidelines to consider nature-related dependencies, participated in over 43,000 votes across 4,277 meetings, and influenced climate-related disclosures and practices at 22 public companies. Further, CPP Investments is making progress toward its commitment to achieving net zero greenhouse gas (GHG) emissions across all scopes by 2050. This includes a significant rise in investments in green and transition assets to C$79 billion (US$57.7 billion) as of 31 March 2023, with plans to reach at least C$130 billion by 2030. “Sustainable investing means anticipating and managing sustainability-related material business risks and opportunities, including climate change,” noted Richard Manley, Chief Sustainability Officer of CPP Investments. “We believe that these factors are dynamic, and we consider them through the investment life cycle when they are material to the investment.”

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