Canada’s largest pension fund CPPIB takes engagement approach to net-zero
The Canada Pension Plan Investment Board, better known as CPP Investments or CPPIB, announced net-zero greenhouse gas (GHG) emission goals by 2050 through a decarbonisation approach focused on influencing transition within high-emitting sectors as opposed to divestment.
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The plan also includes increasing its investments into green and transition assets from $67 billion to $130 billion by 2030 and a carbon neutrality goal by the end of the next financial year (2023).
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“We will continue to invest and exert our influence in the whole economy transition as active investors, rather than through blanket divestment,” the fund wrote in its announcement on Thursday (February 10).
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The fund will continue investing across the energy spectrum, from conventional energy such as oil and gas, to renewables like wind and solar power a spokesperson told AsianInvestor
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