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Canadian pension funds increasingly diverging in climate approach: report
['The Canadian Press']
Send this page to someone via emailCanada’s big public pension funds are increasingly diverging on their approach to climate action, said an advocacy group in a report out Wednesday.
La Caisse has led the way among Canadian public pensions by reaffirming its climate commitments and releasing a comprehensive five-year climate strategy that includes a goal of $400 billion in climate action investments by 2030.
The pension fund said in response to the lawsuit that it remains steadfastly focused on integrating climate-related considerations into investments.
View image in full screen The 2025 Canadian Pension Climate Report Card gives the Canada Pension Plan (CPPIB) a D for its approach to the climate crisis, accusing it of “quietly” abandoning its net zero commitment, while the Quebec pension plan, La Caisse, gets and A-minus.
He said it’s important for pensions to look at the longer term, as La Caisse is doing by pushing all the companies it invests in to have a credible transition plan.