Shift: Action for Pension Wealth and Planet Health has tracked the climate progress of 11 Canadian pension funds in our 2022, 2023 and 2024 Canadian Pension Climate Report Cards.

See below for a short description of each pension fund, its beneficiaries and its assets under management, and find a link to the funds’ 2024 Canadian Pension Climate Report Card scores.

Canada Pension Plan Investment Board (CPPIB)

The Canada Pension Plan Investment Board (CPP Investments, or CPPIB) is a Crown corporation and the manager of the Canada Pension Plan (CPP). Nearly all working and retired Canadian citizens outside of Quebec are members of the CPP. CPPIB manages one of the largest investment funds in the world, on behalf of over 22 million Canadians.

Assets Under Management (AUM): $675.1 billion (September 30, 2024)

See CPPIB’s score in Shift’s 2024 Canadian Pension Climate Report Card.

Alberta Investment Management Corporation (AIMCo)

AIMCo is the investment manager for Alberta government, endowment and specialty funds, and for the province’s public pension plans. Those pensions include the Alberta Teachers’ Retirement Fund, Local Authorities Pension Plan, Public Service Pension Plan and pension funds for provincial management employees, judges, and special forces.

Assets Under Management (AUM): $168.9 billion (June 30, 2024)

See AIMCo’s score in Shift’s 2024 Canadian Pension Climate Report Card.

British Columbia Investment Management Corporation (BCI)

BCI serves as the investment manager for more than 740,000 participants in public pension plans throughout British Columbia. These plans include the Municipal Pension Plan, Public Service Pension Plan, Teachers’ Pension Plan, College Pension Plan, BC Railway Company Pension Plan, WorkSafeBC Pension Plan, BC Hydro Pension Plan, as well as pension plans for staff and faculty at the University of Victoria and University of British Columbia. BCI also manages insurance and benefit funds for over 2.5 million workers and retirees in BC.

Assets Under Management (AUM): $250.4 billion (March 31, 2024)

See BCI’s score in Shift’s 2024 Canadian Pension Climate Report Card.

Caisse de dépôt et placement du Québec (CDPQ)

CDPQ is the investment manager for more than 48 client depositors, including public pension funds, insurance plans and other government funds. As of December 31, 2023, over 86% of CDPQ’s assets under management were pension funds, including the Quebec Pension Plan for 6.5 million contributors and beneficiaries.

Assets Under Management (AUM): $452 billion (June 30, 2024)

See CDPQ’s score in Shift’s 2024 Canadian Pension Climate Report Card.

Healthcare of Ontario Pension Plan (HOOPP)

HOOPP is a defined benefit pension plan for 460,000 Ontario healthcare sector workers and retirees, with over 670 participating employers including hospitals, family health teams, foundations, community health centres and other organizations and service providers.

Assets Under Management (AUM): $112.6 billion (December 31, 2023)

See HOOPP’s score in Shift’s 2024 Canadian Pension Climate Report Card.

Investment Management Corporation of Ontario (IMCO)

IMCO is the investment manager for the Ontario Pension Board (OPB), which administers the $31.7 billion Ontario Public Service Pension Plan on behalf of more than 99,000 current and former Ontario public servants. IMCO is also the investment manager for other Ontario public sector clients: the Provincial Judges’ Pension Board, Wise Trust (the administrator of Ontario’s Workplace Safety and Insurance Board (WSIB) Employees’ Pension Plan) and the insurance and benefit funds of Ontario’s WSIB. In 2024, IMCO began the process of onboarding four new clients: Ontario’s Pension Benefits Guarantee Fund, Tarion Warranty Corporation’s Guarantee Fund, the City of Ottawa’s OC Transpo employees’ defined benefit pension plan, and the Ontario Clean Water Agency’s reserve fund.

Assets Under Management (AUM): $77.4 billion (December 31, 2023)

See IMCO’s score in Shift’s 2024 Canadian Pension Climate Report Card.

Ontario Municipal Employees Retirement System (OMERS)

OMERS is the investment manager for the pension fund of Ontario’s municipal workers, with over 600,000 active, deferred and retired members and over 1,000 participating employers (ranging from large cities to local agencies). Members include union and non-union employees of municipalities, school boards, transit systems, electrical utilities, emergency services and children’s aid societies.

Assets Under Management (AUM): $133.6 billion (June 30, 2024)

See OMERS’ score in Shift’s 2024 Canadian Pension Climate Report Card.

Ontario Teachers’ Pension Plan

The Ontario Teachers’ Pension Plan (OTPP) is Canada’s largest single-profession pension plan. It administers a defined benefit pension plan for 340,000 active and retired teachers across 170 organizations, including public school boards and private schools throughout Ontario.

Assets Under Management (AUM): $255.8 billion (June 30, 2024)

See the OTPP’s score in Shift’s 2024 Canadian Pension Climate Report Card.

OPSEU Pension Trust (OPTrust)

OPTrust invests and administers the OPSEU Pension Plan for more than 111,000 active and retired Ontario public servants. Most OPTrust members work for the Ontario Public Service, municipal governments and service providers, and Ontario’s public college system. Members also include Ontario Public Service Employees Union members who work for private companies or organizations contracted to deliver public services, such as hospitals and medical laboratories. And through OPTrust Select, OPTrust manages the retirement savings of employees of participating non-profit organizations.

Assets Under Management (AUM): $25 billion (December 31, 2023)

See OPTrust’s score in Shift’s 2024 Canadian Pension Climate Report Card.

Public Service Pension Investment Board (PSP)

PSP Investments is the pension manager for approximately 900,000 active and retired employees of Canada’s federal government, including federal public servants, the RCMP, and the Canadian Armed Forces and Reserve Force. PSP is a Crown corporation sponsored by the Government of Canada.

Assets Under Management (AUM): $264.9 billion (March 31, 2024)

See PSP’s score in Shift’s 2024 Canadian Pension Climate Report Card.

University Pension Plan (UPP)

UPP is a relatively new (2021) jointly sponsored pension plan for Ontario’s university sector. Its over 40,000 members span faculty and staff at four Ontario universities (Queen’s University, University of Toronto, University of Guelph, and Trent University) and 12 sector organizations, with new groups of members added in 2024 and lined up to join in 2025.

Assets Under Management (AUM): $11.7 billion (December 31, 2023)

See UPP’s score in Shift’s 2024 Canadian Pension Climate Report Card.

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