CPPIB’s Climate Scores
The 2022 Canadian Pension Climate Report Card assesses large Canadian pensions on their handling of climate-related risks. Read the analysis to learn about CPPIB’s scores on climate, including its overall score and subscores in the categories of Paris-Aligned Target, Interim Climate Targets, Climate Urgency, Climate Engagement, Climate Integration and Fossil Fuel Exclusions. The analysis is based on publicly available information to December 31, 2022.
The Gold Star for Greenwashing
As part of the 2022 Canadian Pension Climate Report Card, Shift has assigned CPPIB a gold star for greenwashing for its alarming and ongoing pattern of communications, investment decisions and stewardship approaches that misrepresent the potential for the oil and gas industry to align with CPPIB’s stated climate obligations. This includes the obfuscation of its investments in fossil fuels and climate solutions, the actions of its privately-owned companies to greenwash their operations and prolong the use of fossil fuels, and an over-reliance on unrealistic assumptions for carbon capture utilization and storage (CCUS) and offsets in achieving climate objectives.
About CPPIB
CPPIB is the manager of the Canada Pension Plan (CPP). On behalf of over 21 million Canadians, CPPIB manages one of the largest investment funds in the world. All Canadians outside of Quebec are members of the CPP.
Assets Under Management (AUM): $529 billion (September 30, 2022)
View another pension fund manager
