Statement on the Ontario Teachers’ Federation’s intention to appoint an oil and gas executive to the OTPP Board of Directors
At a time when the OTPP has made ambitious goals to align its investment strategy with addressing the climate crisis, it is bizarre that newly-chosen Directors appear to lack the required climate expertise needed to implement the OTPP’s net-zero commitment.
Statement from Shift Action for Pension Wealth and Planet Health on the Ontario Teachers’ Pension Plan’s 2021 Annual Report
The OTPP reduced portfolio emissions intensity by 32% and absolute emissions by 13% between 2019 and 2021. But the $242 billion pension fund continues to have significant problems with transparency and credibility when it comes to reconciling its climate commitments with its investments in high-risk fossil fuels.
ANALYSIS: New climate report shows OTPP is listening to teachers- but there’s much more to do
The Ontario Teachers’ Pension Plan, Canada’s third largest pension, committed in January to net-zero emissions by 2050, and in September set interim targets for getting there, but it wasn’t until this week that the OTPP disclosed crucial details on how exactly it plans to achieve its goals. Shift Action for Pension Wealth and Planet Health breaks down the highlights and examines what still needs to be done.
Statement on the Ontario Teachers’ Pension Plan’s new emissions intensity reduction targets
The Ontario Teachers’ Pension Plan’s (OTTP) announcement of near-term emissions intensity reduction targets is a very welcome step to ensure the retirement savings of Ontario teachers are being invested in a safe climate future. It’s the strongest climate commitment we’ve seen yet from a Canadian pension fund.