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.
Read also US. Pension plans increasing their focus on allocating to diverse asset managers
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).
Read also How will the EU’s SFDR sustainability rules work?
“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).
Read also Dutch pension fund PFZW to end investment in some fossil fuel companies
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
Read more @Asian Investor
394 views
