In a fast-changing world where global investors are embarking on the largest reallocation of capital in history, pursuing sustainability and inclusivity offers social, environmental, and investment benefits. To seize this unprecedented opportunity, and maintain their tradition of excellence, Canadian pension funds must play a vital role in realizing a sustainable, inclusive future, says a landmark new release. This report emerges from a partnership between The Natural Step Canada, Smart Prosperity Institute, and Corporate Knights, and extensive collaboration with an independent advisory committee of Canada’s pension fund experts.

The Canadian Pensions Dashboard for Responsible Investing is a groundbreaking new tool showing how pension funds measure up on their Environmental, Social, and Governance (ESG) objectives. It sheds light on the current landscape of responsible investing in Canada, and makes an opening move that will help measure progress and navigate future decisions.

If Canada’s $4 trillion pension sector aligned with net-zero, it could enjoy the immense commercial benefits, while helping to mobilize $140 billion of low-carbon investments per year. Likewise, there are potential financial costs to moving too slowly in this period of unprecedented capital reallocation from high-carbon to low-carbon activities. Recognizing that the global investment community, including Canadian pension funds, are already making great strides towards ESG objectives, the Dashboard reveals that sustainable investing is becoming a key strategy of Canada’s largest pension fund managers – with reported “green assets” now accounting for over $160 billion (7% of the examined funds’ total assets).

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